Essential Points to Discuss When Buying a Property Subject to Existing Loans

In this video, we walk through the critical aspects of buying a property subject to existing loans. We'll cover the key agreements and clauses that need attention, such as the due-on-sale clause, the importance of ongoing payments, and the potential risks and rewards for both buyer and seller. Additionally, we’ll discuss options like third-party loan services, the role of title insurance, and ensuring proper communication with the lender. This detailed discussion will help you navigate the complexities of subject-to transactions confidently.
📌 Key Topics Covered:
1. Due-on-sale clause and its implications
2. Importance of ongoing loan payments
3. Seller’s options in case of buyer default
4. Third-party loan service options
5. The role of title insurance in property transactions
6. Ensuring communication with lenders through proper authorization
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