The existing mortgage stays in place and the buyer takes over the payments and the deed is transferred to the buyer.The most common stipulation found in a “subject-to” contract is that of the buyer completing a home inspection.However, with home sales becoming more difficult and find the need to sell their house for far less, buyers are harder to find and those that make offers are not able to complete the purchase because they face difficult lending criteria.This is where subject-to an existing mortgage comes in, what this means is that we the buyer of the home takes over the title to the property, but the seller retains the mortgage itself.

Anyone having issues with Rentigo? Tenants paid on 9/1, I haven't had funds deposited into my account yet. Called and was on hold for 2 hours and then tried live chat, only to be told it's a known issue and there will...

The following fields are listed and i've bolded what my gut says but any help would appreciated:ABANDONMENT OF ASSUMED NAMESABSTRACT OF JUDGMENTAFFIDAVITAFFIDAVIT OF CLAIMAFFIDAVIT OF HEIRSHIPAGREEMENTAMEND LIS PENDENSAMENDMENTAMENDMENT DEED OF TRUSTAMENDMENT FIN STATEMENTANNEXATIONAPPOINTMENT OF TRUSTEEAPPT OF SUBSTITUTE TRUSTEEARTICLE OF MERGERASSESSMENT LIENASSUMED NAMES (DBA)BILL OF SALEBONDBONDS AND OATHSBROKER'S LIENCANCEL TRANSFER OF DEATH DEEDCEMETERY DEEDCERT COPY OF DIVORCECERT COPY OF JUDGEMENTCERT COPY OF PROBATECERTIFICATECHILD SUPPORT LIENCHILD SUPPORT LIEN RELEASECOLLATERAL TRANSFERCOLLATERAL TRFSR RELEASECONDO PLATCONSENTCONTINUATION OF FINANCING STATCONTRACT OF SALECORPORATE RESOLUTIONCORRECTION OF DEED OF TRUSTDECLARATIONDECLARATION OF CONDOMINIUMDECLARATION OF DOMESTIC PARTDEEDDEED OF TRUSTDESIGNATION OF HMSTDDISCHARGEDISCLAIMERDISCLAIMER OF HOMESTEADDISSOLUTION OF DOM PARTEASEMENTESTATE TAX LIENEXTENSION AGREEMENTFEDERAL TAX LIENS AND NOTICESFEDERAL TAX RELEASES AND WAIVERSFINANCING STATEMENTHOME EQUITY LOANHOSPITAL LIENHOSPITAL RELEASEINFORMATIONINHERITANCE TAX CERTINST # CANCELLEDJUDGEMENTLEASELIENLIS PENDENSMECHANIC'S LIENMEMORANDUMMODIFICATIONNOTENOTICENOTICE & RECEIPTNOTICE OF BONDNOTICE OF SUBSTITUTE TRUSTEE SALEORDERORDINANCEOTHERPARTIAL CS LIEN RELEASEPARTIAL RELEASEPARTIAL RELEASE ABS JDGMTPARTIAL RELEASE EASEMENTPARTIAL RELEASE FIN STMTPARTIAL RELEASE LIS PENDENSPARTIAL RELEASE STATE TAX LIENPARTIAL TRANSFERPARTIAL VACATION OF PLATSPLATSPOSTED MEETING NOTICESPOWER OF ATTORNEYPROPERTY OWNERS ASSOCIATION MANAGEMENT CERTIFICATEPUBLIC WEIGHERS BONDRATIFICATION PLATRECORDINGRELEASERELEASE ABS OF JDGMTRELEASE CONDOMINIUMRELEASE EASEMENTRELEASE ESTATE TAX LIENRELEASE FIN STATEMENTRELEASE LIS PENDENSRELEASE MECHANIC'S LIENREMOVE TRUSTEERESTRICTIONREVOCATION OF POWER OF ATTORNEST JUDGEMENT RELEASESTATE JUDGEMENTSTATE TAX LIENSTATE TAX LRSTATE TAX RELEASESUBORDINATION AGREEMENTTERMINATION OF FIN STMTTRANSFERTRANSFER ABS OF JDGMNTTRANSFER FIN STMTTRANSFER OF STATE JUDGEMENTTRANSFER ON DEATH DEEDTRUSTUCC-1 NON STD OPRUCC-1 STD OPRUCC-3 NSTD OPRUCC-3 STD OPRUNKNOWN CEMETERY DEEDVACATION OF PLATVARIANCEVOIDWAIVERWARRANTY DEED

In Georgia, we use attorneys to transfer ownership of real estate via closings.

One of my most recent apartment buildings will not have a great COC in year 1, but will be a fantastic investment if I look at the IRR (internal rate of return).

A Transfer On Death Deed transfers title to the beneficiaries upon their death , all you have to do is get & show a copy of the TODD to the countys registrer of deeds & they will change the property owners names to the 3 childerns  You may already own the property & not even know it   Best of Luck

The reinvestment requirements of the 1031 exchange are still in force - you must purchase at least as much as you sell (that is the 85K) and you must use all of the proceeds in the purchase (that is the 85K of cash proceeds).So you will purchase the property from the intermediary using $85K of exchange proceeds and then either bringing a new loan for the remainder, assuming the balance of the loan currently on it (from the family member), or simply bringing cash of your own to the closing.Your intermediary will sell the property to you (or hopefully if they're thinking about it they will assign you the membership interest in the single member LLC so  you avoid a second closing and transfer tax and you get a free LLC out of the deal) and pay off the mortgage they had to make to the family member.You cannot accept cash from the closing of your sale without incurring a tax event.

I’m not sure if I would be able to transfer the ownership to a new LLC if purchased with a line of credit or even put into an LLC once refinanced.Rehab:For a first deal, I don’t want to go too crazy with the rehab.

Hi, I recently purchased my first rental property here in Dallas. I bought the home in my name but have since set up an LLC. I am filling out the warranty deed and was wondering if I can leave the Consideration part b...

There is a security deposit, which will be transferred to us, but in our case, I wouldn't worry too much if there wasn't one.