Tag: Mortgage Transfer
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Transferring a Deed Before the Loan Is Paid Off? Be Mindful of the “Due-on-Sale” Clause
Are you thinking of transferring your deed? You might be quitclaiming the deed to someone you know, or you might be transferring it into a company or trust. Or you might be getting ready to sell. In all of these cases, check the rules on your home loan. If you have a conventional mortgage loan…
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What Is “Subject-To” Home Buying? AKA: Taking Over the Mortgage Payments
Ever heard someone say they got a “subject-to” offer on their home? Or maybe you or someone you know is contacted with a subject-to offer. Maybe you saw a sign saying “We buy homes!” and wondered what’s going on. Subject-to is a little-known strategy in the world of deed transactions. It comes in many forms.…
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After You’re Gone, Does Your Mortgage Live On?
You might be wondering about that house or condo you’ve left in your will. Often, after a homeowner passes on, the real property is sold from the estate to pay off debts. But maybe you have a relative who would like to have and keep your home. For the sake of exploring the question, say…
