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Updated over 4 years ago,

User Stats

18
Posts
14
Votes
Alan Robert Litz
  • Real Estate Agent
  • Norfolk, VA
14
Votes |
18
Posts

Who is the principal under with a Subject To deal?

Alan Robert Litz
  • Real Estate Agent
  • Norfolk, VA
Posted

When doing a Subject To deal who is the loan still under or how does it actually work? I have heard two scenarios, and I don't know which one is right. The first is that that the seller keeps the loan under his name. You then pay him and then he pays that debt. The second way I have heard it is you assume the loan from the seller and now you pay that debt. Any help in clarifying this would be greatly appreciated!

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