I understand that buying subject to homes means I would pay a mortgage under a previous owners name while having the house switched over to my name to avoid any down payments or credit checks.
But if I sold the house how much money would I give the person I bought it off of? I know the remaining balance would be payed off but what about the rest of the money? I'm looking to buy a subject to home in a few years and see how it works but I'd like to learn a LOT more about it first.
Read more: Can someone explain buying subject to houses?
