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Updated over 9 years ago on . Most recent reply

John Mclaren's profile image
John Mclaren's profile image
John Mclaren
  • from North Palm Beach, Florida
  • Member since Jul 2, 2015
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John Mclaren's profile image
John Mclaren's profile image
John Mclaren
  • from North Palm Beach, Florida
  • Member since Jul 2, 2015
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John Mclaren
  • North Palm Beach, FL
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Tax, SDIRAs & Cost Segregation

Reversing a Subject to deal

John Mclaren
  • North Palm Beach, FL
Posted

Hi

Please help.

If I purchase a property 'subject to' ( ie taking over the responsibility of paying the sellers mortgage on their behalf) can I get out of it if I want to? Or will I be 'trapped'. What would happen if I stop paying the mortgage?

Any advice would be greatly appreciated- thanks

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