Subject To / Taking over Mortgage

[Ryan Allison]

I'm looking at a deal where a subject to or assuming the current mortgage is in play (& honestly probably only way this would make sense)  

Anybody have experience with doing a subject to deal, especially in Connecticut?  I'm aware of the risks (due on demand language) but anything else I should be aware of?   

[Ryan Garrison]

@Ryan Allison

There are good Comments here, but the best thing you can do is buy a course that includes check lists and step by step guides OR partner up with someone that knows what they are doing.

Take the contract you get from the course to a local real estate attorney to review and sign off on. They will make some changes.

Hopefully the same attorney closes transactions in your area as well.

Here in WA, we typically use title companies to close deals BUT I have had to use attorneys for my sub2 deals.

Good luck!