Yes. In a subject-to sale, a buyer like Golden Path Homes takes the deed to your house at a title company and makes the payments on your existing mortgage from then on. The loan stays in place at its current rate, and every payment runs through a third-party loan servicer.
You sell the house, but the mortgage is not paid off. At a title company closing, the deed transfers to the buyer and is recorded with the county, so the sale is real and complete. The buyer then makes the monthly payment on your existing loan. This is called buying the house subject to the existing mortgage. What a subject-to sale is walks through each step.
Because a listed sale has to pay the loan off, and that only works when the price clears the balance plus commissions, closing costs and repairs. Sellers who just bought, who refinanced recently or whose area has gone flat often do not have that room. Taking over payments removes the payoff, so the house can sell even when a listing would leave you bringing a check to closing.
Yes, until it is paid off or refinanced. That is the honest trade. The house and the deed belong to the buyer, but the loan stays on your credit, so who makes the payments matters. That is why every payment we make goes through a third-party loan servicer, which keeps an independent record you can check. Most mortgages also have a due-on-sale clause that lets the lender call the loan when the house transfers. It belongs in the conversation and in the written agreement before you sign anything.
Nothing out of pocket in most cases. You sell directly to us, so there is no agent commission, and we buy as is. Any missed payments are worked out at closing. 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. A subject-to sale is a normal deed transfer handled by a title company and recorded in county records.
You can, but nothing protects you. A title company closing and a third-party servicer put the deal and every payment on record.
No. Many sellers are current and simply need to move on from the house.