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Updated over 3 years ago on . Most recent reply

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Tou V.
  • Stockton, CA
13
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Subject to and selling who does Escrow issue check to?

Tou V.
  • Stockton, CA
Posted

As I understand it. When taking over properties subject to. The title doesn’t change from previous owner. When selling does Title company make a check out to the owner on title or will they pay the investor directly?

My scenario: I took over a house years ago, but name not on title. Now I’d like to sell it and have proceeds directly paid to me since it has appreciated nicely. What will the previous owner have to do, if any?  Thank you.

Most Popular Reply

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,509
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

When one buys subject to, title Does go to the buyer.  You didn’t do a sub2 if you didn’t get title.  What kind of agreement/land contract or other contract do you have?

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