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Updated over 8 years ago on . Most recent reply

Account Closed
  • Miami, FL
0
Votes |
8
Posts

Is now Subject to-illegal?

Account Closed
  • Miami, FL
Posted

since subject to deals are available through a clause in the hud 1 form. And the hud 1 form is obsolete since 2015. It is legal still buying subject to the existing loan?

Most Popular Reply

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124
Posts
49
Votes
Christopher Morin
  • Flipper/Rehabber
  • San Francisco
49
Votes |
124
Posts
Christopher Morin
  • Flipper/Rehabber
  • San Francisco
Replied

Yes. A HUD-1 or settlement statement is not required to transfer title on a property, it only helps you have a nice printout of who pays for what. The only thing you need to transfer ownership is a deed.

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