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206: The Hidden Risks of “Subject To” Real Estate w/Eddie Speed
On The Market
Exploring Scenarios Triggering Servicer Investigations in 'Subject To' Real Estate Deals
Servicers do not proactively run title searches but are triggered to investigate when specific situations arise, such as a borrower expressing hesitation or divorcees separating properties without clarifying mortgage responsibilities. One common trigger is changes in insurance, where the new owner of a 'Subject To' property may attempt to keep the existing policy or introduce a new one, creating confusion for the servicer. Attempting to maintain the previous owner's insurance while adding a new policy can lead to complications in the event of a claim. These scenarios challenge common misconceptions about solutions for insurance conflicts in 'Subject To' deals.
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