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Updated over 12 years ago on . Most recent reply presented by

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292
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34
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Sean Dezoysa
  • Investor
  • Toledo, OH
34
Votes |
292
Posts

Who's on the hook for TI in a "subject to" deal?

Sean Dezoysa
  • Investor
  • Toledo, OH
Posted

Hi;

My question is about who's liable for TI on a deal-gone-bad:

If a property is taken over subject to existing financing, and the new owner walks away from it, isn't he liable for the TI (taxes & insurance)? Or is the old owner who signed the mortgage liable for taxes & insurance in this case?

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