Yes. A listed sale would need you to bring money to closing or get a short sale approved, but a subject-to sale does not pay the loan off. Golden Path Homes takes the deed at a title company and keeps making your existing mortgage payment, so an upside-down house can still sell.
Because there is no payoff. In a normal sale, the price has to cover your balance plus commissions and closing costs, or the sale cannot close. When we buy subject to the existing mortgage, the loan stays in place and we take over the monthly payment. The price does not have to clear your balance, so being upside down stops being the problem. Selling with no equity shows how the numbers work.
A title company runs title and records the deed to us with the county, a real and completed sale. Any missed payments are worked out at closing. From then on we make the payment through a third-party loan servicer, so there is an independent record of every one. You pay no commission and we buy as is.
The loan stays in your name until it is paid off or refinanced, so it still shows on your credit, and on-time payments matter to you. Most mortgages carry a due-on-sale clause that lets the lender call the loan when the house transfers, and it belongs in the written agreement. Compared with a short sale or a deed in lieu, though, no new damage lands on your credit as long as the payments are made. We can close in as little as 14 days. Start at our sell page.
Tell our team about the house and the loan. No commissions, no repairs, and a closing in as little as 14 days.
In most subject-to sales, no. The loan is not paid off, so there is no shortfall to cover.
A short sale releases the loan but takes months and damages your credit. A subject-to sale is faster but the loan stays in your name.
That can still work. The missed payments are handled at closing.