Subject To Purchase Contract

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SUBJECT TO:Buying a property “subject to,” means purchasing it subject to the existing financing. In other words, the loan or loans and any other liens or encumbrances already on the property stay there without a formal assumption by the buyer. The owner deeds the property to the buyer and the buyer begins making the mortgage payments. See line 203 of the standard HUD-1 form which is specifically for “existing loans taken subject to.”

"I like that the contract can be used to meet the buyer's needs or the seller's needs and can be customized for that purpose. It's a solution that is much more affordable than hiring a real estate attorney to draft customized documents."

Rob Becker, Real Estate Broker and Multi-Million Dollar Producer

"Really simple way to get powerful contracts customized for your needs and a great resource, especially for people new to the investing game. Very convenient that everything is state-specific. Wherever you're doing business, you don't have to worry about translating to your states specific laws.

...I would probably spend between five and eight thousand dollars to get the same quality of job done."

Brad Palmer - Litigation Attorney