SELLER BEWARE: WHAT TO KNOW ABOUT SUBJECT-TO TRANSACTIONS IN TEXAS

Feb 1, 23 • Real Estate

Subject-to transactions in Texas are a type of real estate purchase in which the buyer takes over the payments on an existing mortgage instead of getting a new mortgage. It can be useful for buyers who are unable to obtain a traditional mortgage, as well as for sellers who are unable to sell their property through traditional means. As appealing as this may sound, however, sellers need to be aware of the potential risks that can come with subject-to transactions. (more…)