Purchasing subject to...
I am trying to better inform and educate myself on subject to purchase so that I can utilize this as a purchase strategy. I have not however, been able to find information on how this effects the seller. I understand that I will be assuming their loan and they therefore no longer pay on it, but since the loan is still in their name will they be denied the opportunity to rent an apartment or try and obtain another loan for a more affordable house since this loan will remain in their name? I am trying to make sure I understand all their risks as well as some of potential downfalls for the seller such as trying to qualify for another roof over their head. Thank you for any respond. I just want to make sure I am truly looking out for potential sellers well being as well as business well being. Thank you any and all as I am a beginning investor looking to get business going and pull the trigger, but still have so much to learn!