All Forum Posts by: Chris Raniere

Quote from @Eliott Elias:

Not true, some lenders allow for a loan assumption. You want to avoid this liability, shoot for subto 

Unless desperate, why would a seller do a Subto? Honest question, as it seems like such a risk to hope the new buyer makes the payments. Otherwise the seller’s credit is at a major risk right? If I were a seller I might consider a wrap around instead to at least offset risk a little.
https://www.thebalancemoney.co.... Link to a post about Subto and wrap around mortgages.

thanks Matt! In this case I was hoping the seller was in a jam and I was in fact considering an assumption not a subject to. The article was helpful, appreciate your response.