SUBJECT TO:Buying a property â€œsubject to,â€ 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 â€œexisting loans taken subject to.â€
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