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Foreclosure Forum |
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Selling subject toIn Reply to: selling subject to posted by Rick Rojas on June 30, 2002 at 5:47 PM : Hi Mr Ward, when you buy a home subject to existing loan, is it possible to also sell it subject to existing loan? Would the same person that sold it to you have to sign the paper work? If not, then how would you proceed? =========== Hey, Mr. Rick, Sure, you could pass on an existing loan that you took subject to when you bought the house. The seller you dealt with when you bought the home is not required to participate in your resale. You would proceed as the seller and sign all the traditional paperwork required of a seller in your state. Using the services of an escrow company and a title company would make your task much easier if you dont have a lot of experience.
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