/biz/ - Business & Finance

Anonymous Sat Mar 18 21:37:32 2017 No.1873819 [View]
File: 218 KB, 1742x794, based mortgagesan.jpg [View same] [iqdb] [saucenao] [google]

>>1873808

I see alot of waryness about subject to, but specifically how I'm seeing it worded in pic attached, doesn't this mean that my purchase price is LOWER if they owe a mortgage and I do subject to without assuming their loan?

Am I even reading this correctly?

so if I find a house "worth" 120k that sold back in 2008, an old widow underwater on her mortgage to the tune of 50k, and offer her 75k on a cash purchase agreement subject to existing mortgage, and then I subtract the outstanding from MY purchase cost?

How the fuck could you lose?

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