subject to
I've not seen the answer to this question and i'm hoping someone can help. I understand subject to and roughly how to handle a deal like that. What I don't understand is how to handle a subject to deal where the price agreed upon does not match what is owed on the loans you are taking subject to?
Example, (these are made up numbers): House worth 200k, current loan on house is 80k and I have an agreement with seller for 115k. They are willing to do subject to on the 80k. What options are there to deal with the other 35k? Do you make a note? Cash?