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Updated over 3 years ago on . Most recent reply

User Stats

21
Posts
14
Votes
Nickolas Graham
  • Real Estate Agent
  • Worcester
14
Votes |
21
Posts

Subject to questions

Nickolas Graham
  • Real Estate Agent
  • Worcester
Posted

Hey BP Community,

I am looking to get some advice on how a subject to deal works. Let's say I have a person who is willing for me to take over their payments and sign the deed over to me. What is the best way for me to protect myself since the bank/ lender can call the note at any time? Also, wondering how I can structure payments to both the lender and insurance since it's technically not in my name? Are there 3rd party companies I can hire to handle payments?

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