At Hard Hat Real Estate, we specialize in acquiring and revitalizing distressed or undervalued properties. One of the tools we may use to facilitate these transactions is the process of assuming mortgages through a technique known as "Subject-To". This approach allows us to assume the outstanding mortgages on a property as part of the purchase agreement, thus making it easier for the current property owner to exit their investment.
It's important to note that this process involves transferring the ownership of the property to Hard Hat Real Estate. As such, it's imperative that proper legal and financial considerations are taken into account, including potentially placing the property in a trust. This ensures that all parties involved are protected and that the transaction is conducted in a professional and ethical manner.
If you are a property owner looking to exit your investment and have low equity, we encourage you to contact us to discuss the possibility of utilizing the Subject-To approach. Our team of experts will be happy to provide you with more information and help you understand the process in greater detail.