What is a Real Estate Purchase Subject To Existing Financing (S2)?
As real estate investors, when we, Proxima Investors, buy a property “Subject To Existing Financing” (often shortened to Subject To, or Sub To) means that we, as buyers, take over the responsibility for the seller’s existing mortgage payments instead of getting our own loan, avoiding the burden of the long and uncertain process and making waiving the financing contingency possible. So it’s a simple sale…