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Updated about 4 years ago,
Subject to closing/ deed and title transfer
I’m in the Process of doing a subject to Deal now and no one I know really has any experience doing it. The seller has agreed to do it. I am a little confused on how to close on it. Does the title and deed get transferred to my name and just the current loan stay in place or do I just get added to the deed and just assume payments. My real estate attorney said as long as we have approval from the lender we can close no problem. I just couldn’t see them allowing the title and deed to be transferred if the old non transferable loan isn’t payed for.