May you please help me find an addendum, contract, or Hawaii (Honolulu) attorney experienced with “subject to existing mortgage” transactions?
Scenario:
Buying cousin’s condo, title held in trust created by deceased aunty, condo left to cousin, $200,000 existing mortgage. Agreed purchase price $390,000. I’d like to take over payments on existing mortgage and cash out the difference between purchase price and mortgage balance.
@Arthur Hughed you have a good suggestion above and when we know what we need but just need it in our area there's usually better places to go for that type of information. Try some local real estate meetup groups. Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too. Even facebook might have some good local groups for you. But post locally for this. That’s the best bet.