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Updated over 2 years ago on . Most recent reply

User Stats

8
Posts
1
Votes
Raymond Cardenas
  • New to Real Estate
  • Galveston Texas
1
Votes |
8
Posts

Subject To Questions / Required Legal personnel recommendations

Raymond Cardenas
  • New to Real Estate
  • Galveston Texas
Posted

I've been doing research on ways to fund my first property. I've come across a deal where the seller is wiling to go through with a subject to. Here’s the questions I have.

1. This will be my first home and I will be living there for now. Would I qualify for the general residence homestead exemption on this property being "subject to"?

2. Would I have an option to sell the home wether it’s cash, a conventional loan, or other creative financing while I’m still paying on the property? 

 Does anyone have any recommendations on who I can talk to in order to have the right paperwork and make sure everything is legal and in writing? 

Thank you all in advance for your input, recommendations, and advice. It is deeply appreciated!!!

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