FHA Subject To

[Brian Batista]

Hi Everyone,

I'm looking at maybe taking over an FHA loan subto for a condo in Oakland, CA. The seller's title company says they won't do a subto on an FHA loan. Does anybody have a title company that is familiar with doing subto on FHA loans?

Thanks!

[Tom Gimer]

@Brian Batista You're going to need to find a title company that is ignorant of of FHA policy.

If a title company handles a subto of an FHA loan without qualifying the end buyer under FHA regs, the title company could be forever blackballed from closing federally insured loans. There is published guidance on this which I have previously posted to BP.