Subject-to transaction coordinator, one file at a time.
In a subject-to purchase the buyer takes title to the property and the seller’s existing loan stays in place, still being paid. Standard deeds of trust give the lender the option to call the loan when the property transfers, so the recorded deed of trust gets read before anything else. Kristen keeps that file moving between your attorney, your title company and your servicer.
The subject-to checklist. Tap each item as you read it.
Every subject-to file gets this list, in this order. When the bar is full, you have seen everything Kristen tracks from contract to first payment.
Kristen coordinates. The licensed people do the licensed work.
On a subject-to file the lines are the same as on every file. Clear roles are what keep a creative deal clean.
-
01
Your attorney drafts
The note, deed of trust, addenda and any state-required notices come from your attorney. Kristen never drafts a legal document and never gives legal or tax advice.
-
02
Your title company closes
Title search, commitment, closing, funding and recording happen at your title company or closing attorney. Kristen keeps them supplied and on schedule.
-
03
Your servicer collects
Payments after closing run through a loan servicer. Kristen sends the setup packet and confirms the account is live. The servicer collects.
-
04
A lender lends
Dean Creative Closings is not a lender or mortgage loan originator. Who may originate a seller-carried note is a question for your attorney or RMLO.
Dean Creative Closings is not a law firm, lender, mortgage loan originator or title company and does not give legal or tax advice.
What usually goes in a subject-to file.
Your attorney and title company set the final list. These are the items Kristen asks for first, and who usually provides them.
- Signed purchase contract From You
- Current mortgage statement From Seller
- Recorded deed of trust and note From Seller or county records
- Lender authorization form From Seller
- Entity documents From Buyer
- Photo ID for every signer From Buyer and seller
- Insurance declarations page From Seller
- Servicer setup packet From Your attorney and servicer
One flat price. Add only what the file needs.
$1,095 for a subject-to file. $250 opens it and the balance is due at closing. The three add-ons are priced the same on every deal type, and the full list with a total builder is on the Pricing page. New to it? Read what subject to real estate means first.
Setup packet to your servicer, account confirmed before closing. $250
New policy placed with the right parties named, old policy handled. $150
Closing in under 10 days. $250
The ones subject-to clients ask first.
Plain answers. The full list is on the FAQ page.
What about the due-on-sale clause?
Standard deeds of trust let the lender accelerate the loan when the property is transferred. Kristen does not advise on that risk. She pulls the recorded deed of trust so your attorney can read it, and she tracks whatever your attorney decides the file needs.
Who talks to the existing lender?
Once the seller signs an authorization, Kristen requests the mortgage statement and confirms the loan details for the file. The authorization form is one of the first items on the checklist.
Does the seller’s insurance just carry over?
No. A new policy is placed with the right parties named and the old policy is handled. Kristen works with your insurance agent and confirms the binder before closing.
Do you give legal or tax advice?
No. Dean Creative Closings is not a law firm, lender, mortgage loan originator or title company. Kristen keeps the file organized and moving between the people who do those jobs.
Not a subject-to? The other five.
Same checklist discipline, priced flat per file. Or tap through the picker.
Open the file today. Kristen takes it from here.
Subject-To file $1,095. $250 opens it, $845 at closing.
Call or text 940-206-4427 or email kdean2014@yahoo.com