Innovative Strategies

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Alan L Donald
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"Subject To" Purchases

Alan L Donald
Posted Aug 2 2022, 07:57

What happens with taxes and insurance in a "subject to" purchase? I assume the lender mostly doesn't care who the house belongs to, as long as the mortgage is being paid? 

What about the escrowing of taxes (new rate) and insurance (new insured). How do you deal with those without triggering the "due on sale" clause for the existing mortgage?
Thanks,

Alan

Charleston, South Carolina

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