Yes. When rent falls short of the payment and a listing will not clear the loan, a subject-to sale is often the cleanest exit. Golden Path Homes takes the deed at a title company and makes your existing mortgage payment through a third-party servicer, so you stop covering the gap every month.
Taxes and insurance have climbed in much of Texas and the South, and they ride inside your mortgage payment through escrow. Rents have not kept pace everywhere. Add a property manager, repairs and months with no tenant, and a house that looked like it would pay for itself can cost you money every month. Many owners only find this out after they have already moved.
We buy the house subject to your existing mortgage. At a title company closing, the deed transfers to us and is recorded with the county. From then on, the monthly payment, repairs, tenants and vacancies are ours, not yours. Every payment runs through a third-party loan servicer, so there is an independent record you can check. If there is a tenant in place, the lease can transfer with the house. What a subject-to sale is covers the mechanics.
The loan stays in your name until it is paid off or refinanced, so it still shows on your credit. 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. You also give up any future rise in value. For most owners losing money every month, ending the loss is worth more. You pay no commission, we buy as is, and 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.
Yes. The lease can transfer with the house, and the tenant keeps living there.
No. We buy as is.
No. Once the sale closes, managing the house is our job.