Are subject-to's considered assets?

[Steve K.]

Hello BP,

I am currently submitting documentation for a cash-out refi on one of my properties per the "BRRRR" method and had a question:

Should I put down a property I acquired subject-to as an asset?  The title is in my name, however, there is a $75,000 mortgage on the property.

Would listing this property as an asset help or hinder my ability to obtain a loan on the property I'm trying to refi?

Thank you,

Steve