Skip to content
Starting Out

User Stats

15
Posts
2
Votes
Peter Cogliano
  • Accountant
2
Votes |
15
Posts

Subject-To then assigning as a lease option

Peter Cogliano
  • Accountant
Posted Jul 8 2019, 14:45

If a home is acquired via subject-to then I lease option the property, who is responsible for the homes insurance? If an accident were to occur on whom does that liability fall on?

Thanks BP,

Peter

User Stats

23,371
Posts
13,425
Votes
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,425
Votes |
23,371
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied Jul 8 2019, 14:49

If you “acquire by sub2”....You are the owner....and are just leasing it to someone else (and hoping they make the payments to you).