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subject to mortgage

Situation where a buyer takes title to mortgaged real property but is not personally liable for the payment of the amount due. The buyer must make payments to keep the property; if he or she defaults, only the equity in the property is lost.

Related information about subject to mortgage:
  1. Subject to Mortgage: Definition from Answers.com
    Subject to Mortgage Assignment or transfer of real estate where the purchaser agrees to take over monthly payments of principal and interest, but does.
     
  2. Subject To Mortgage
    A grantee taking title to a real property “subject to†a mortgage is not personally liable to the mortgagee for payment of the mortgage note. In the event that ...
     
  3. "Subject To" Mortgage. - Legal Dictionary - The Free Dictionary
    A legal document by which the owner (i.e., the buyer) transfers to the lender an interest in real estate to secure the repayment of a debt, evidenced by a ...
     
  4. Mortgage Assumption - Are You Assuming a Mortgage or Buying ...
    Is It Mortgage Assumption or Subject to Mortgage? By James Kimmons, About. com Guide. See More About: real estate mortgages · real estate financing · loan ...
     
  5. subject to mortgage Definition | Business Dictionaries from ...
    assignment or transfer of real estate where the purchaser agrees to take over monthly payments of principal and interest, but does not assume personal liability ...
     
  6. Subject-To Mortgage Assignment | Phill Grove AMPS
    Overall, the subject-to mortgage assignment strategy matches a high supply of distressed sellers with a high demand for homes by unqualified buyers, which is a ...
     
  7. The TurnKey Investor's "Subject To" Mortgage Handbook: The Art ...
    This exciting new book is in Oversized Manual book format. It contains information not found in any business paperback book (to date) except in real estate ...
     
  8. Beauty of 'Subject To' Mortgages - article by Matthew Chan
    (Book excerpt from "The TurnKey Investor's 'Subject To' Mortgage Handbook"). The idea of buying investment property without having to get a new loan is a very ...