Not to bring the darkness, but, sub-to in divorce cases?

[Jonathan L Brown]

I'm really inspired by Pace Morby's eloquent talks on creative financing. In particular, the sub-to strategy is fascinating. It got me wondering if there was a sound strategy for handling a shared title and mortgage in a divorce case such that at least one partner could be removed from title and have the existing mortgage disregarded in a debt to income evaluation. Allowing that, ahem, former partner to purchase another home more easily.

Thank you creative folks.

Jon

[David M.]

@Jonathan L Brown

in a sub-to deal, the mortgage stays in places as-is.  So, it doesn't relieve one of the mortgage holders from "mortgage overhead."  The only way to get them off is to extinguish/pay-off the loan somehow.