Subject to transaction in Washington DC

[Aaron Smith]

Hi BPers,

I'm gearing up for a direct mail campaign and I realized that I was a bit unsure about how a subject to transaction would work in DC, due to the fact that DC charges a pretty hefty transfer and recordation tax of 1.45% on each side of the transaction (2.9% total). I'm assuming in a subject to scenario, that this tax would apply, which makes subject to a lot more expensive to do in DC. Does anyone know if this is in fact the case? @Joshua Smith what say you?

Thanks,

Aaron

[Aaron Smith]

Distressed sellers. High taxes owed, vacant/blighted, pre-foreclosure, high equity/absentee, TOPA.