Buyer defaults on subject to?
What happens if a buyer buys a house subject to the existing mortgage and then defaults on the loan while its still in the seller's name?
Does the bank proceed like a normal foreclosure and send a NOD to the seller who still is on the loan even though title has transferred?
What are the sellers options so they don't get a foreclosure in their record? Can they get the house back? Can they evict the new owners?