Subject-To Deals Live or Die on This One Underwriting Detail

Subject-to gets pitched as simple — take over payments on the existing loan — but the deals that go sideways almost always trace back to skipping the same step: actually verifying the loan.

That means confirming the real payoff balance, the payment history (is it even current?), the interest rate and term remaining, and understanding the due-on-sale risk specific to that lender and loan type. Skip that and you're buying a black box, not a deal.

Anyone here done subject-to deals — what's your process for verifying the loan before you commit?