{"id":425,"date":"2024-02-08T18:49:55","date_gmt":"2024-02-08T18:49:55","guid":{"rendered":"https:\/\/myrealestatedojo.com\/subto\/?page_id=425"},"modified":"2024-10-28T21:33:18","modified_gmt":"2024-10-28T21:33:18","slug":"subject-to-existing-liens-contract","status":"publish","type":"page","link":"https:\/\/myrealestatedojo.com\/subto\/subject-to-existing-liens-contract\/","title":{"rendered":"Subject To Existing Liens Real Estate Contract; Seller\u00a0Financing\u00a0Real Estate Purchase Agreement"},"content":{"rendered":"\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n<h1 class=\"lplh-58\" style=\"caret-color: #000000; color: #1f2732; font-variant-caps: normal; text-transform: none; box-sizing: inherit; font-family: Assistant, sans-serif; font-weight: var(--font-heading-weight); letter-spacing: 0.6px; line-height: calc(1 + 0.3\/max(1,var(--font-heading-scale))); word-break: break-word; font-size: calc(var(--font-heading-scale) * 4rem);\">Subject To Existing Liens Real Estate Contract; Seller\u00a0Financing\u00a0Real Estate Purchase Agreement<\/h1>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n<h2>Subject To Existing Liens Real Estate Contract\u00a0<\/h2>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n<p style=\"text-align: right;\"><span style=\"font-size: 20px; color: #ffffff;\"><strong style=\"line-height: 1;\">LOREM CORPORATE CEO<\/strong><\/span><\/p>\r\n<p style=\"text-align: center;\"><span style=\"color: #ffffff;\">Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.<\/span><\/p>\r\n<p style=\"text-align: left;\">\u00a0 \u00a0 \u00a0 <span style=\"line-height: 2.0;\">Benn Marshall<\/span><\/p>\r\n\r\n\r\n\r\n\r\n\r\n<p style=\"font-size: 16px; font-variant-caps: normal; box-sizing: inherit; caret-color: rgba(18, 18, 18, 0.75); color: rgba(18, 18, 18, 0.75); font-family: Assistant, sans-serif; letter-spacing: 0.6px;\"><span style=\"box-sizing: inherit;\"><strong style=\"box-sizing: inherit;\"><span style=\"box-sizing: inherit;\"><span style=\"box-sizing: inherit; color: #000000;\">What is a Seller\u00a0<span style=\"box-sizing: inherit; caret-color: #000000;\">Financing or Subject To Real Estate Investing\u00a0<\/span>Deal?<\/span><\/span><\/strong><\/span><\/p>\r\n<p style=\"font-size: 16px; font-variant-caps: normal; box-sizing: inherit; caret-color: rgba(18, 18, 18, 0.75); font-family: Assistant, sans-serif; letter-spacing: 0.6px;\"><span style=\"box-sizing: inherit;\"><strong style=\"box-sizing: inherit;\"><span style=\"color: #000000;\"><br style=\"box-sizing: inherit;\" \/><\/span><\/strong><span style=\"color: rgba(18, 18, 18, 0.75);\">A &#8220;Seller Financing&#8221; or &#8220;Subject to real estate&#8221; or &#8220;Sub 2&#8221; deal is a type of creative financing where the home-seller deed&#8217;s the property to you while leaving the existing underlying mortgage in place. \u00a0<\/span><\/span><\/p>\r\n<p style=\"font-size: 16px; font-variant-caps: normal; box-sizing: inherit; caret-color: rgba(18, 18, 18, 0.75); color: rgba(18, 18, 18, 0.75); font-family: Assistant, sans-serif; letter-spacing: 0.6px;\"><span style=\"box-sizing: inherit;\">\u00a0<\/span><\/p>\r\n<p style=\"font-size: 16px; font-variant-caps: normal; box-sizing: inherit; caret-color: rgba(18, 18, 18, 0.75); color: rgba(18, 18, 18, 0.75); font-family: Assistant, sans-serif; letter-spacing: 0.6px;\"><span style=\"box-sizing: inherit;\">\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p style=\"font-size: 16px; font-variant-caps: normal; box-sizing: inherit; caret-color: rgba(18, 18, 18, 0.75); color: rgba(18, 18, 18, 0.75); font-family: Assistant, sans-serif; letter-spacing: 0.6px;\"><span style=\"box-sizing: inherit;\">There is no FORMAL assumption of the seller&#8217;s-loan, you start making the payments as if you are the old-owner.\u00a0<br style=\"box-sizing: inherit;\" \/><br style=\"box-sizing: inherit;\" \/><\/span>There are many ways to structure a Seller Financing\u00a0&#8220;Subject to&#8221; deal. \u00a0<br style=\"box-sizing: inherit;\" \/><br style=\"box-sizing: inherit;\" \/>I have bought Seller Financing and Subject to Real Estate deals for &#8220;rental homes&#8221; and I have bought subject 2 properties \/ deals for Fix-and-Flip. \u00a0<\/p>\r\n<p style=\"font-size: 16px; font-variant-caps: normal; box-sizing: inherit; caret-color: rgba(18, 18, 18, 0.75); color: rgba(18, 18, 18, 0.75); font-family: Assistant, sans-serif; letter-spacing: 0.6px;\">\u00a0<\/p>\r\n<p style=\"font-size: 16px; font-variant-caps: normal; box-sizing: inherit; caret-color: rgba(18, 18, 18, 0.75); color: rgba(18, 18, 18, 0.75); font-family: Assistant, sans-serif; letter-spacing: 0.6px;\">Therefore,\u00a0The \u201cSeller Financing\u201d or &#8220;Subject To Investing&#8221; or &#8220;Owner Financing&#8221; method is my personal favorite way of buying houses. \u00a0<\/p>\r\n\r\n\r\n\r\n<p style=\"font-size: 16px; font-variant-caps: normal; box-sizing: inherit; caret-color: rgba(18, 18, 18, 0.75); color: rgba(18, 18, 18, 0.75); font-family: Assistant, sans-serif; letter-spacing: 0.6px;\"><br style=\"box-sizing: inherit;\" \/><br style=\"box-sizing: inherit;\" \/>WHY&#8230;? \u00a0Because I am in total control of the Real Estate Transaction or Deal.<\/p>\r\n<p style=\"font-size: 16px; font-variant-caps: normal; box-sizing: inherit; caret-color: rgba(18, 18, 18, 0.75); color: rgba(18, 18, 18, 0.75); font-family: Assistant, sans-serif; letter-spacing: 0.6px;\">I am not at the mercy of the Mortgage company or banks, the title company, the inspector or the appraiser. \u00a0<br style=\"box-sizing: inherit;\" \/><br style=\"box-sizing: inherit;\" \/>Plus It is fast, simple, and relatively easy to negotiate with the motivated-home-sellers.<\/p>\r\n<table style=\"font-variant-caps: normal; box-sizing: inherit; table-layout: fixed; border-collapse: collapse; font-size: 1.4rem; border-style: hidden; box-shadow: 0 0 0 0.1rem rgba(var(--color-foreground),0.2); caret-color: rgba(18, 18, 18, 0.75); color: rgba(18, 18, 18, 0.75); font-family: Assistant, sans-serif; letter-spacing: 0.6px;\" width=\"100%\">\r\n<tbody style=\"box-sizing: inherit;\">\r\n<tr style=\"box-sizing: inherit;\">\r\n<td style=\"box-sizing: inherit; padding: 1em 1.2rem; border: 0.1rem solid rgba(var(--color-foreground),0.2);\"><span style=\"box-sizing: inherit; color: #000000;\"><strong style=\"box-sizing: inherit;\">\u00a0<\/strong><\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n\r\n\r\n\r\n<table style=\"font-variant-caps: normal; box-sizing: inherit; table-layout: fixed; border-collapse: collapse; font-size: 1.4rem; border-style: hidden; box-shadow: 0 0 0 0.1rem rgba(var(--color-foreground),0.2); caret-color: rgba(18, 18, 18, 0.75); color: rgba(18, 18, 18, 0.75); font-family: Assistant, sans-serif; letter-spacing: 0.6px;\" width=\"100%\">\r\n<tbody style=\"box-sizing: inherit;\">\r\n<tr style=\"box-sizing: inherit;\">\r\n<td style=\"box-sizing: inherit; padding: 1em 1.2rem; border: 0.1rem solid rgba(var(--color-foreground),0.2);\"><span style=\"box-sizing: inherit; color: #000000;\"><strong style=\"box-sizing: inherit;\">FEW HIGHLIGHTS OF ITEMS MY &#8220;SUBJECT TO&#8221; CLAUSE IT COVERS:<\/strong><\/span><\/td>\r\n<\/tr>\r\n<tr style=\"box-sizing: inherit;\">\r\n<td style=\"box-sizing: inherit; padding: 1em 1.2rem; border: 0.1rem solid rgba(var(--color-foreground),0.2);\">\r\n<ul style=\"box-sizing: inherit; list-style-position: inside; padding-left: 2rem;\">\r\n<li style=\"box-sizing: inherit; list-style: inherit;\"><strong style=\"box-sizing: inherit;\">&#8220;Subject To&#8221; Conveyance Clause<br style=\"box-sizing: inherit;\" \/><br style=\"box-sizing: inherit;\" \/><\/strong><\/li>\r\n<li style=\"box-sizing: inherit; list-style: inherit;\"><strong style=\"box-sizing: inherit;\">Due on Sale Disclosure Clause<br style=\"box-sizing: inherit;\" \/><br style=\"box-sizing: inherit;\" \/><\/strong><\/li>\r\n<li style=\"box-sizing: inherit; list-style: inherit;\"><strong style=\"box-sizing: inherit;\">Title Policy \u00a0&amp; Survey\u00a0Clause<br style=\"box-sizing: inherit;\" \/><br style=\"box-sizing: inherit;\" \/><\/strong><\/li>\r\n<li style=\"box-sizing: inherit; list-style: inherit;\"><strong style=\"box-sizing: inherit;\">Earnest Money and Default\u00a0Clause<br style=\"box-sizing: inherit;\" \/><br style=\"box-sizing: inherit;\" \/><\/strong><\/li>\r\n<li style=\"box-sizing: inherit; list-style: inherit;\">\r\n<p style=\"box-sizing: inherit;\"><strong style=\"box-sizing: inherit;\">Non-recourse Note\u00a0Clause\u00a0<br style=\"box-sizing: inherit;\" \/><\/strong>\u00a0 \u00a0 \u00a0<a style=\"box-sizing: inherit; color: rgba(var(--color-link),var(--alpha-link)); text-underline-offset: 0.3rem; text-decoration-thickness: 0.1rem; transition: text-decoration-thickness var(--duration-short) ease;\" href=\"https:\/\/youtu.be\/y7PJ_B2bww0\" target=\"_blank\" rel=\"noopener\">(Watch a video on the importance of a &#8220;non-recourse note&#8221;<\/a><strong style=\"box-sizing: inherit;\"><a style=\"box-sizing: inherit; color: rgba(var(--color-link),var(--alpha-link)); text-underline-offset: 0.3rem; text-decoration-thickness: 0.1rem; transition: text-decoration-thickness var(--duration-short) ease;\" href=\"https:\/\/myrealestatedojo.myshopify.com\/products\/seller-financing-contract-and-subject-to-real-estate-investing-contract#temp_created_link\" target=\"_blank\" rel=\"noopener\">)<br style=\"box-sizing: inherit;\" \/><\/a><br style=\"box-sizing: inherit;\" \/><\/strong><\/p>\r\n<\/li>\r\n<li style=\"box-sizing: inherit; list-style: inherit;\"><strong style=\"box-sizing: inherit;\">Investor Sellers Acknowledgements\u00a0Clause<br style=\"box-sizing: inherit;\" \/><br style=\"box-sizing: inherit;\" \/><\/strong><\/li>\r\n<li style=\"box-sizing: inherit; list-style: inherit;\"><strong style=\"box-sizing: inherit;\">Much more&#8230;<\/strong><\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<table style=\"font-variant-caps: normal; box-sizing: inherit; table-layout: fixed; border-collapse: collapse; font-size: 1.4rem; border-style: hidden; box-shadow: 0 0 0 0.1rem rgba(var(--color-foreground),0.2); caret-color: rgba(18, 18, 18, 0.75); color: rgba(18, 18, 18, 0.75); font-family: Assistant, sans-serif; letter-spacing: 0.6px;\" width=\"100%\">\r\n<tbody style=\"box-sizing: inherit;\">\r\n<tr style=\"box-sizing: inherit;\">\r\n<td style=\"box-sizing: inherit; padding: 1em 1.2rem; border: 0.1rem solid rgba(var(--color-foreground),0.2);\"><span style=\"box-sizing: inherit; color: #000000;\"><strong style=\"box-sizing: inherit;\">WHAT IS INCLUDED?<\/strong><\/span><\/td>\r\n<\/tr>\r\n<tr style=\"box-sizing: inherit;\">\r\n<td style=\"box-sizing: inherit; padding: 1em 1.2rem; border: 0.1rem solid rgba(var(--color-foreground),0.2);\">\u00a01.) \u00a0Seller Financing\/ Subject To Real Estate Investing Purchase Contract \u00a0<br style=\"box-sizing: inherit;\" \/><br style=\"box-sizing: inherit;\" \/>2.) \u00a0Education Training Video, where I show you how I fill out the Sub-2-Contract for my business. \u00a0Plus learn and understand the Nuts-and-Bolts of the agreement so you an explain it to the seller.<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<p style=\"font-size: 16px; font-variant-caps: normal; box-sizing: inherit; caret-color: rgba(18, 18, 18, 0.75); color: rgba(18, 18, 18, 0.75); font-family: Assistant, sans-serif; letter-spacing: 0.6px;\">\u00a0<\/p>\r\n\r\n\r\n\r\n<h2 style=\"caret-color: #000000; color: #1f2732; font-variant-caps: normal; box-sizing: inherit; font-family: Assistant, sans-serif; letter-spacing: 0.6px; line-height: calc(1 + 0.3\/max(1,var(--font-heading-scale))); word-break: break-word; font-size: calc(var(--font-heading-scale) * 2.4rem);\"><strong>Legal Disclaimer:\u00a0<\/strong><\/h2>\r\n<h2 style=\"caret-color: #000000; color: #1f2732; font-variant-caps: normal; box-sizing: inherit; font-family: Assistant, sans-serif; letter-spacing: 0.6px; line-height: calc(1 + 0.3\/max(1,var(--font-heading-scale))); word-break: break-word; font-size: calc(var(--font-heading-scale) * 2.4rem);\"><br style=\"box-sizing: inherit;\" \/><u style=\"box-sizing: inherit;\">MyRealEstateDojo.com is operated by Mister Investor, LLC, which is NOT a law firm.\u00a0 Neither Mike D. or his staff offer legal advice.\u00a0<\/u><\/h2>\r\n<p class=\"lplh-15\" style=\"font-size: 16px; font-variant-caps: normal; box-sizing: inherit; caret-color: rgba(18, 18, 18, 0.75); color: rgba(18, 18, 18, 0.75); font-family: Assistant, sans-serif; letter-spacing: 0.6px;\"><span style=\"box-sizing: inherit;\">Every effort has been made to comply with federal, state and local laws regarding the legal forms included. We make no representations or guarantees that the materials or forms you purchase will work for your particular needs, your state\/country, and we disclaim any warranties, express, implied or for any particular purpose you may need.<br style=\"box-sizing: inherit;\" \/><br style=\"box-sizing: inherit;\" \/>You understand that all legal forms are provided for example only and that it is strongly advise that you seek legal counsel to review any form to make certain it is applicable to your situation and is properly filled out.\u00a0<\/span><\/p>\r\n<p class=\"lplh-15\" style=\"font-size: 16px; font-variant-caps: normal; box-sizing: inherit; caret-color: rgba(18, 18, 18, 0.75); color: rgba(18, 18, 18, 0.75); font-family: Assistant, sans-serif; letter-spacing: 0.6px;\"><span style=\"box-sizing: inherit;\">By using this website or purchasing good and services from it, you agree that nothing herein shall constitute legal advice.<\/span><\/p>\r\n\r\n\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>&nbsp;<\/p>\n","protected":false},"author":1,"featured_media":3111,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","footnotes":""},"class_list":["post-425","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/pages\/425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/comments?post=425"}],"version-history":[{"count":2,"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/pages\/425\/revisions"}],"predecessor-version":[{"id":3112,"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/pages\/425\/revisions\/3112"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/media\/3111"}],"wp:attachment":[{"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/media?parent=425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}