Subject-to

[Ezgi T]

Question: I'm new to subject-to and a little confused about what happens exactly when a bank does have a "loan due" clause and they do find out that the deed is in my name and ask for the loan payment. Say I can't pay it, would that ruin my credit or would I just lose out on the deal and maybe lose the money I invested in?

[Dawn Anastasi]

If the bank calls the loan due, you have a set period of time they give you to pay it (it's not due overnight). If you cannot pay, and you cannot convince the bank that they should continue accepting payments from you, then the bank will foreclose on the property and that will wreck your seller's credit.

When someone is happy, they will tell 1 person. When someone is unhappy, they will tell everyone they know.