First time Subto Seller

[Troy Bullock]

I have a rental property that I'm looking to sell as a subto deal. This is the first time I have done this and so I'm curious for things that I should be aware of as the seller of a subto deal?

 Thanks 

[Doug Smith]

I can't think of a benefit to selling sub-to. You are deeding the property over to someone, but you're the one on the hook for the loan. What happens if they quit paying? It's your credit at risk, not the buyer's, and they now have title to the property. In a deed theory state like OH, it's tougher to get the property back. As a seller, there is no way I would transfer the deed to my property without having the loan in my name extinguished. You could do contract for deed to maintain some control, but I don't see a benefit to a seller doing a sub-to sale.