Acquired this property through a subject-to structure, providing the seller with a smooth transition and financial relief while preserving their equity position.
The seller needed relief from the monthly payment without surrendering the equity a cash buyer would have discounted away.
We purchased subject to the existing loan at $331,317. No payoff was forced, so no discount was needed; the seller’s equity came to them in cash at the table.
Closed in twenty-one days. The third-party servicer’s record protects the seller’s credit going forward.