Posted by John Merchant on July 20, 2004 at 13:23:05:
If she gives you a deed and you continue to pay her mtg., it’s done.
No sale necessary!
To make sure you get a good title, I think I would pay a title/escrow co. to prepare the deed and check her title to make sure SHE owns it & this way you’d know exactly what liens are on the property now.
My friends who do a lot of this, taking “subject to” her mtg to lender, say they never have any flack from the lenders, as lender normally has no problem with anybody who’s paying them.