Posted by Russ Sims on July 19, 2001 at 01:39:35:
The CS course that I have (1998) has a purchase and sales agreement that specifically addresses “subject to”. In my version it’s addressed in paragraph 3, section “E”. It says:
Existing mortgage on property which shall remain on the property but which shall not subject Buyer to penalty or fee or increase in the original interst rate of said mortgage."…$_____
Russ Sims