Updated over 9 years ago on . Most recent reply
Subject To
When you do a Subject To purchase I know that you are changing the title from the existing owners to yourself and are taking over the mortgage payments. If the monthly mortgage payments escrows for Property Tax and Insurance is the current owner still able to deduct the Property Tax and Interest expense on THEIR yearly tax returns? Also if the insurance is deducted in escrow by naming yourself as an additional insured on the policy will this be sufficient protection?