Sell Your House Subject-To
When you sell your house "subject-to," we take over the payments on your existing mortgage while the loan stays in your name. This means we will own the property but continue paying your mortgage, providing you with relief and flexibility.
Experience Peace of Mind
- Save and Improve Your Credit: Your credit improves as the mortgage is paid on time.
- Instant Debt Relief: You move on from the debt, especially if you owe more than the home's value.
- Maximize Sale Value: Reduces our costs, potentially giving you more value from the sale.
- Avoid Foreclosure: Allows for a quick sale, even if repairs are needed, or equity is low.
- Full Loan Transparency: A loan servicing company handles payments and provides statements.
- Maintain Buying Power: Your debt-to-income ratio may remain unaffected, depending on your lender.
Considerations
- Your Name Stays on the Loan: Your loan remains in place, which can speed up the sale and potentially increase your earnings.
- Due on Sale Clause: Although rare, a lender could call the loan due if ownership changes, but this is uncommon if payments are current.
Selling "subject-to" can unlock home equity, improve your credit, and provide financial relief. We're experts in this method and would love to discuss how it can benefit you.