Subject-To purchase and loan servicing

[Henry D Griffith]

Greetings, I have a very unique opportunity to purchase a valuable property Subject-To the current financing in place.

I remember hearing on one of the early BiggerPockets podcasts that the guest had a way to have the “Loan Serviced” and this removed the loan from the original purchaser’s credit score.

I cannot seem to find any information on this, and would greatly appreciate anyone with any insight. This is a very unique situation, and any real estate attorney Ive spoken with has little knowledge on this type of creative finance option.

Michigan property if location matters.

[Wendy Patton]

Feel free to reach out to me - i have written a book on the topic and live in MI - i do Sub tos here all the time -  and we don't use Deed of Trust in MI.   Reach out i am here