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Updated over 2 years ago on . Most recent reply

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12
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David Evans
  • New to Real Estate
  • Lynchburg, VA
5
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12
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Virginia Specific Subto Contract

David Evans
  • New to Real Estate
  • Lynchburg, VA
Posted

Does anyone have a Virginia specific Sub-To contract they are willing to share?

Thanks!

Most Popular Reply

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Doug Pretorius
  • Investor
  • Kitchener-Waterloo, Ontario
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Doug Pretorius
  • Investor
  • Kitchener-Waterloo, Ontario
Replied

@David Evans Just pick up the Virginia state realtors contract with any state-specific disclosures as @Patti Robertson said. Then add a sub-to clause.

@Hugh Smith Sub-to and contract for deed are 2 different things.

Sub-to is where you buy the property and the deed is transferred to you immediately like a normal sale, but the mortgage stays in the seller's name.

Contract for deed is an agreement where the deed stays in the seller's name until you complete the terms of the agreement at which point the deed transfers to you.

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