Subject To When Do You Sign Over The Deed.

When you do owner financing on a subject -to .Do your buyer only gets the deed when he refinance after the time that was pacify in the agreement. ?

Comments(3)

  • nebulousd6th December, 2003

    You can FILL out the deed when they move in; however, they don't get the deed until they cash you out, and that comes when they refinance. From there, they would go down and record the deed.

  • WilliamGA7th December, 2003

    When we owner finance, we have a closing and our attorney holds all of the documents (deed included) in escrow until our buyer pays us off or refis the loan and cashes us out.

    Until the payoff, they have equitable title and we continue to hold legal title.

    William Tingle
    WilliamGA

  • JohnLocke7th December, 2003

    reibyme,

    nebulousd, instructed you correctly, in CA the deed is held in escrow, at a title company, loan servicing company or in your desk drawer until your buyer fulfills the terms of his contract.

    Is there an echo in here? You shouldn't care how it is done anywhere else this is the way it can be done in CA.

    Been there and done it.

    John $Cash$ Locke

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