Posted by WaynePa on July 18, 2001 at 23:32:07:
Let me know when you get an answer. By the way, what part of Pa. do you live?
Posted by WaynePa on July 18, 2001 at 23:32:07:
Let me know when you get an answer. By the way, what part of Pa. do you live?
First deal subject to - Posted by KT¶
Posted by KT¶ on July 18, 2001 at 21:14:38:
loan amount is like 650 per month it is a fha loan. Seller actually pays 782 per month because taxes & insurance are already rolled into this amount. When taking subject to am I actually assuming the 782? thanks for any feedback.
one more question what about transfer tax dont mind paying it but do i pay 1% when it goes into trust or 1% when I transfer deed and 1% when it goes into trust therfore 2%.(this question is for the PA people) thanks again for feedback.
Re: First deal subject to - Posted by Michael
Posted by Michael on July 19, 2001 at 01:39:36:
If the payment is 782 PITI then you had better expect to pay 782 per month. It would be hard to trust a motivated seller, who no longer owns the home, to pay the taxes and insurance.
Hope this helps.
Michael, KY.