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Updated over 12 years ago on .
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Who's on the hook for TI in a "subject to" deal?
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?