SUBJECT TO QUESTION FROM A NEWBIE TRYING TO UNDERSTAND

[Alexander Curtis]

Ok so I'm trying to figure out how a subject to deal works. From what I understand you find a seller going into foreclosure and you write up a contract to buy the property at a discount with the existing financing still in place. Then you assign it to another investor. Two questions, What type of buyer would be ideal for a subject to wholesale? Would it be a buy and hold buyer or a first time home buyer? Second, what are the contracts needed to do a subject to deal? Any advice or info would be greatly appreciated.