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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Subject to clarification... Posted by David Garcia on May 30, 2003 at 2:00 PM In Reply to: Subject to clarification... posted by 2nd Fred on May 16, 2003 at 8:24 PM : Hi Ward, : Since I'm new to this whole process, can you tell me what the term 'Subject To' actually means. I looked it up in your glossary, but the explanation was pretty short. : Thanks, : Fred Answer: Subject to means that you buy a property without getting a new mortage, thus its "subject to" the original loan. You basically take over the loan. The loan remains in the sellers name. If you need help with paperwork you can e-mail me. dgpioneer@juno.com Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hi Ward, : : Since I'm new to this whole process, can you tell me what the term 'Subject To' actually means. I looked it up in your glossary, but the explanation was pretty short. : : Thanks, : : Fred : : Answer: Subject to means that you buy a property without getting a new mortage, thus its "subject to" the original loan. : You basically take over the loan. The loan remains in the sellers name. : If you need help with paperwork you can e-mail me. dgpioneer@juno.com Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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