The purchase of a property with an existing lien against the title without assuming any personal liability for the liens payment
Usually referred to as the condition of title that exists at the time of acquisition by the buyer, such as subject to a peed of Trust of record
An indication that title to a property includes an obligation of some sort, an easement, right of way, lien, right of claim Opposite of "together with"
The purchase of real property subject to a mortgage, whereby the original holder remains personally liable for the mortgage
Usually referred to as the condition of title that exists at the time of acquisition by the buyer, such as subject to a Deed of Trust or record
Usually referred to as the condition of title that exists at the time of acquisition by the buyer, such as subject to a deed of trust of record
A situation in which a buyer takes control of a property title that has a lien on it, but they do not agree to be responsible for that lien
Taking title to property with a lien but not agreeing to be personally responsible for the lien If the holder who forecloses the lien can take the property but may not collect any money from the owner who took "subject to " Compare, ASSUMPTION
The buyer agrees to make payments on the existing mortgage, without notifying the lender The seller remains liable for making payments on the loan if the buyer does not make the mortgage payment The buyer is not personally liable for mortgage payments, but must make payments to keep the property See also Assumable Mortgage