If I were to "purchase" a property "subject to" the existing mortgage, could a quit claim deed be used since the seller is in a must sell position, and if so how would you profit from using a quit claim versus signing the contract for the seller to keep the financing in their name fo 3 years?

The Borrower has a right to their privacy and is subject to Fair Credit standards.BTW, obtaining a credit report to review the first line history is also a gamble.  

Got a property where deal is a Subject to deal.

Also our house is the subject of a reality show called Southern Charm.. so when I get a video link I will post it..

@Dustin Morgan , I look at this similarly to an investor buying a property "subject to" existing financing, I.e, assuming debt.

Hi Jill,Thank you for asking this question.There are beginners guides on here for free at Bigger Pockets to help get you started.The podcasts run across many subjects.

The seller financing box which includes lease options wraparound mortgages and subject to involve strategies that don't have a lot of assurances for sellers.If for instance the seller has very little equity in the residence, and want to sell, and try to with an agent and it did not sell because they don't have much equity and they don't have the cash difference to pay the commissions and closing costs, then they need to look at selling on terms or renting it out.In order for the sellers to get a mortgage they need to look at all the money coming in at all the money going out on an income statement.

Question: the subject says under contract so are you taking ownership of the property or just controlling it?

Your scenarios should be based on the confidence of your projections (in statistics, it is based on the # of standard deviations from the norm based on the type of distribution for your data).

The subject line is an oxymoron.