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In its simplest form, the “subject to” in a subject to mortgage refers to the loan that’s already in place. When you purchase a property subject to, you are essentially buying the home subject to the existing mortgage — that’s really all there is to it. The original underwriting is kept as is, including the name in which the loan was purchased.

Compared to a traditional house sale, a new concept being pushed is a subject to loan assumption. It sounds good on paper, but ive never heard of them before

>In its simplest form, the “subject to” in a subject to mortgage refers to the loan that’s already in place. When you purchase a property subject to, you are essentially buying the home subject to the existing mortgage — that’s really all there is to it. The original underwriting is kept as is, including the name in which the loan was purchased. Compared to a traditional house sale, a new concept being pushed is a subject to loan assumption. It sounds good on paper, but ive never heard of them before

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[–] [deleted] • 1 pt

In this case the company was being extremely deceptive and decided to prematurely sell the house to someone else (sell is a bit of a stretch) before finalizing any transaction with me. Instead of realizing the error in their ways, said company is trying to sue me instead of realizing they're a bunch of retards, hoping that threatening a settlement amount will force me back into line

[–] • 0 pt

That's going to have to be a lawyer thing, probably.

[–] [deleted] • 1 pt

Its why i think this crap is a scam, because its essentially sell us our house in the worst way possible or we sue you