Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

31
Posts
44
Votes
Kyle O'Donnell
  • Rental Property Investor
  • Atlanta, GA
44
Votes |
31
Posts

how to assume a mortgage with less risk than a subject to

Kyle O'Donnell
  • Rental Property Investor
  • Atlanta, GA
Posted

Subject-to means subject to the existing loan. This means having the home owner sign the deed of the house over to you, with the promise that you will make their mortgage payment.  However, the lender is not made aware of this change.  This allows us to retain their low interest rate.  

I've heard horror stories about subject to.  For example, the original owner may come calling to wipe out their house debt when their debt:income sucks and threatening to make lender aware of changes to claim the due on sale clause.  Is there a safer way to buy and home and assume the original mortgage terms?  

Loading replies...