When doing a subject to existing mortgage, which contract do I use? Do I use the purchase agreement contract, or is there a special contract for sub2? I live in california.
Thanks
When doing a subject to existing mortgage, which contract do I use? Do I use the purchase agreement contract, or is there a special contract for sub2? I live in california.
Thanks
kyrei,
Your purchase agreement should have a section in there that states “subject to existing financing encombering the property” or pretty close to that. Hope that helps.
Terry