Updated 3 days ago on . Most recent reply
Potential Subject To Purchase
I am looking at purchasing a property subject-to and looking for some advice and some answers on a couple of things. Here are the details:
-purchase price $353,000
-seller owes $187,000 on the mortgage but has a forbearance plan set up with an additional $4,000 due
-I will be paying cash for the delta
A couple of questions I have; does the title get put into my name at all? What kind of contract do we bring to the attorney for something like this? When I take over the mortgage payments, do I just use the original owners log in info to make the payments? Any advice would be greatly appreciated! Thanks so much.