Updated about 11 years ago on . Most recent reply
Subject To Deal Question
I don't have any experience with this type of transaction. I have a potential deal where the seller wants me to take over his mortgage. He has two properties on the same mortgage. My question is would you have a typical closing for a subject to deal? I'm going to have him sign a release of information form so I can find out the payoff etc. from the lender. Any other things I should be considering with this type of transaction?