Subject To, What Is It ?

Could someone please explain to me exactly what a subject to is? It sounds like a contract for deed to me. If someone could please explain this to me I would greatly appreicate it. Is there a "Subject to Contract" ? If someone has one that I could see I would greatly appreciate it.

Comments(10)

  • LeaseOptionKing12th June, 2005

    A CFD involves owner-financing. A subject-to is simply getting the Deed (using the existing financing to purchase the property).
    [addsig]

  • fredman22612th June, 2005

    Is there a "subject to contract" or is it the actual contract for deed, or do you use the quick claim deed?

  • fredman22612th June, 2005

    I believe that I have a good lease option contract, now what does CLA mean?

  • Wayneone12th June, 2005

    Hey Joey...thanx for the info and the CYA....but..could you give us an example of some of the "other stuff"....I appreciate....enjoy your day.

  • RonInAZ19th June, 2005

    So when is the property sold?
    date of Possession?
    Property resold?
    Property refinanced?

  • InActive_Account16th June, 2005

    Do not allow the guy to stay in the property.

  • RonInAZ19th June, 2005

    aint that the truth

  • bargain7620th June, 2005

    How about a Win - Win?

    Buy the 2nd house for $21,600 net to the owner, and subject to existing mortgages.

    Assuming you have $22K cash, the closing can take place as soon as a title search is completed.

    You will have $50K to rehab 2nd house, pay closing costs when you sell, and the balance is your profit.

    And your friend will still have his home with a reinstated mortgage. Workable??

  • andersoninvestment20th June, 2005

    Rule number one of investing,
    Never and I mean never to business with friends or family.

    Rob Carroll
    Anderson Investment

  • LeaseOptionKing24th June, 2005

    The bank holds the debt instrument, not the Deed. The property is security for the loan and remains so no matter who owns it.
    [addsig]

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