How does a subject to existing mortgage work? Will the bank allow it? Once you do the subject to existing mortgage, will the seller name still be on title or do you switch it to yours? Any advice will greatly be appreciated.
Thanks
How does a subject to existing mortgage work? Will the bank allow it? Once you do the subject to existing mortgage, will the seller name still be on title or do you switch it to yours? Any advice will greatly be appreciated.
Thanks
kyrei,
Glad to meet you.
This was covered in this link and will answer some questions that you have.
http://www.reiclub.com/forums/index.php?board=22;action=display;threadid=4302
John $Cash$ Locke