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Learn how subject-to real estate works, the risks involved, and why My Fair Market Offer prefers wrap mortgage structures instead.

Subject-To Real Estate Video

Bryce Spraggins explains how subject-to transactions work in plain English.

  • What subject-to means
  • Risks to buyers
  • Risks to sellers
  • Why we prefer wraps instead

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Video Summary

In this video, Bryce Spraggins explains what a subject-to real estate transaction is and why these transactions can involve risks for both buyers and sellers.

A subject-to transaction is when a buyer takes over making the mortgage payments without formally assuming the mortgage through the lender or mortgage company.

The seller transfers ownership of the property while the mortgage usually remains in the seller’s name.

Bryce explains that this creates potential risks for both parties, including due-on-sale clause concerns and seller liability if payments stop being made.

Because of these risks, My Fair Market Offer generally does not purchase properties using traditional subject-to structures and instead prefers wrap mortgage structures that provide clearer contractual protections.

Transcript

“Sub to or subject to, it is when you sell your property to somebody subject to the existing mortgage.”

“They’re going to take over your payments without formally applying to assume the mortgage from the bank.”

“The lender may call the entire mortgage due through the due-on-sale clause.”

“The risk for the seller is you still have a mortgage in your name that you don't own the property for.”

“My Fair Market Offer does not buy property subject to. We do something very similar, but we call it a wrap.”

Continue Learning

Learn more about your options before you decide what to do next.

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Related Creative Finance Pages

Take Over House Payments Subject-To Real Estate Wrap Mortgages Seller Financing

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