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Updated over 6 years ago on . Most recent reply
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Has Anyone Experienced A Subject To?
Hi everyone,
Working on my second rental, currently have an accepted offer. I’m planning on purchasing the condo with my name on the mortgage and title then transferring title to an LLC that I own. I understand the general idea behind “subject to” (I think). There’s a risk that the bank can require full payment since title has changed hands. Everything I read says if I pay every payment on time there’s no reason the bank would call the loan.
Has anyone experienced a “subject to” call by a bank?
Any tips for me that maybe I’m missing?
Thank you everyone!!
Dan