SUB TO Deal ???

I have recently purchased a prefor subto and have set up PM company for payments etc... Have a question about the other bills that are attached to the property. Do these stay in seller name or do I put them in company name? Probably a very simple answer I am ust unaware of what that answer is.


Thanks,


Jay smile

Comments(3)

  • JohnLocke10th February, 2004

    tsjhope,

    Glad to meet you.

    Did these bills, etc. show up on the preliminary title report?

    Are they attached to the property?

    John $Cash$ Locke
    [ Edited by JohnLocke on Date 02/10/2004 ]

  • tsjhope10th February, 2004

    John,

    Nice to mee you as well.

    They are not attached to property. The city water co just called asking about settlement and asking questions. I dont think the bank can find out anything from this but an unsure.

  • JohnLocke10th February, 2004

    tsjhope,

    No, this is not a flag, you are the new owner and will be paying the bill.

    John $Cash$ Locke

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