I have read a lot of times about sub2, wrap around contract, assumption of the loan, lease option.
and I always forget which is which, and always confuse them.
How do you remember which is which?
For me, assumption of the loan should be when you take over somebody’s loan. But it is not, that is called subject to.
Whay than it is called subject to?
sorry, sounds very silly, I know.
But you have been very kind to answer all my stupid questions before, so I thought you might answer this.
I guess, I just have a hard time to memorize which is which and just trying to find an understanding of why things are called this way, so I would not have to memorize.