Real Estate Attorney – Located in San Antonio Texas
JD GARZA
JD GARZA
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Victor is a mover & shaker in the Real Estate Investment business...I recommend him anytime.
Dan Diaz
Dan Diaz
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Excellent atty. Highly recommendable. Quick & knowledgable.
Larry Offutt
Larry Offutt
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I have used the firm in both purchasing & sell transactions. each time was a pleasure.

Subject-to Transactions

A subject-to transaction means that a buyer is purchasing a home subject-to all liens, debts and judgements. It is a creative finance technique where a buyer can take title to the property without obtaining a loan in the traditional manner. In this transaction, the seller of the property maintains the financing. Typically, homeowners who are behind on payments or are already in foreclosure are motivated sellers and good candidates for subject-to purchases. Price: $850 (Setup an appointment here)

In this video:

  • What you need to bring for a subject-to transaction 
  • Do you need a real estate agent to complete a Subject-to? 

Table of Contents

Are Subject-to Transactions complicated?

Buying subject-to means buying a home subject to the existing mortgage and debts. It means the seller is not paying off the existing mortgage, and the buyer is taking over the payments. The unpaid balance of the existing mortgage is then calculated as part of the buyer’s purchase price.

This does not have to be a complicated process. We strive to make these types of transactions easy to help you minimize hidden costs. We close at our office on Woodstone and IH-10.

Includes:

  • Deed
  • Limited Power of Attorney
  • 3-page Disclosure
  • Title and tax search to look for problems

Do I need a Deed of Trust to Secure the Assumption of the loan, when doing a Subject-to?

Yes, we require doing a deed of trust for your seller to have recourse if the mortgage is not paid. Without the deed of trust, it is hard for the seller to regain rights to the property if it is not paid. It is required.

FAQ

In an assumption of a loan of buyer promises to pay an existing debt. The buyer takes the title to home and assumes this responsibility of the seller’s mortgage payments.

There are many buyers out there, that will buy a home, “As-is” You are not required to give any information, if you are not asked, or if it is not written in a contract to disclose. Disclosure makes selling a home much easier, and hiding things like foundation issues, roof repairs etc. will just prolong if not altogether make your home unsellable.

Residential real property must also give purchasers a written notice containing their knowledge of the condition of the property and sets forth language that should be on that form, focusing on material defects.

We have a preliminary checklist for a subject-to transaction here. We would like to have all contracts and paperwork done prior to the date of closing. Things that are required included things like a valid driver’s license, and current mortgage statement if there is one.

The only conditions that needs to be met are the conditions of the contract, including payment, attorneys’ fees, etc. and the preliminary checklist to be completed before closing. We will need to meet with the parties selling the home, and we are available to answer any questions if there are any at that time.

View Other Types of Investor Related Real Estate Transactions

Maas Law Firm, Texas Real Estate Attorney

We are a San Antonio Real Estate Law firm that offers fixed fee rates for a variety of legal transaction services, including Owner Finance & Wraparound Closings, Foreclosures, Deeds & Releases, Real Estate Contracts, Title Issues & Judgments, Wills & Estates, Probate & Administration, & LLC Formations. If you need help assessing your case give our office a call. 

Victor has been doing real estate transactions as a lawyer since 2002 & as an investor himself since 2003. There are a lot of nuances with real estate & we hope that if you have any questions to contact us during regular business hours. Along with being a Real Estate Attorney, Victor is also a Real Estate Broker, making his expertise long standing & efficient. 

Michael Eronini
Michael Eronini
Read More
Victor has closed a bunch transactions for us. Very knowledgeable & efficient!
Mandy Molina
Mandy Molina
Read More
Mr. Maas is extremely professional & makes the process quick & painless. Thank you for helping me today. You're a blessing.
Alfredo Ibarra
Alfredo Ibarra
Read More
This lawyer knows his stuff & doesn’t back down from a fight!
JD GARZA
JD GARZA
Read More
Victor is a mover & shaker in the Real Estate Investment business...I recommend him anytime.
Previous
Next

Maas Law Firm, Texas Real Estate Attorney

We are a San Antonio Real Estate Law firm that offers fixed fee rates for a variety of legal transaction services, including Owner Finance & Wraparound Closings, Foreclosures, Deeds & Releases, Real Estate Contracts, Title Issues & Judgments, Wills & Estates, Probate & Administration, & LLC Formations. If you need help assessing your case give our office a call.  Victor has been doing real estate transactions as a lawyer since 2002 & as an investor himself since 2003. There are a lot of nuances with real estate & we hope that if you have any questions to contact us during regular business hours. Along with being a Real Estate Attorney, Victor is also a Real Estate Broker, making his expertise long standing & efficient. 
Michael Eronini
Michael Eronini
Read More
Victor has closed a bunch transactions for us. Very knowledgeable & efficient!
Mandy Molina
Mandy Molina
Read More
Mr. Maas is extremely professional & makes the process quick & painless. Thank you for helping me today. You're a blessing.
Alfredo Ibarra
Alfredo Ibarra
Read More
This lawyer knows his stuff & doesn’t back down from a fight!
JD GARZA
JD GARZA
Read More
Victor is a mover & shaker in the Real Estate Investment business...I recommend him anytime.
Previous
Next

Maas Law Firm, Texas Real Estate Attorney

We are a San Antonio Real Estate Law firm that offers fixed fee rates for a variety of legal transaction services, including Owner Finance & Wraparound Closings, Foreclosures, Deeds & Releases, Real Estate Contracts, Title Issues & Judgments, Wills & Estates, Probate & Administration, & LLC Formations. If you need help assessing your case give our office a call. 

Victor has been doing real estate transactions as a lawyer since 2002 & as an investor himself since 2003. There are a lot of nuances with real estate & we hope that if you have any questions to contact us during regular business hours. Along with being a Real Estate Attorney, Victor is also a Real Estate Broker, making his expertise long standing & efficient. 

Contact

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Directions

Located on IH-10 Between Huebner & De Zavala off Woodstone: 11815 W IH-10 #107, San Antonio, TX 78230

Directions

Located on IH-10 Between Huebner & De Zavala off Woodstone: 11815 W IH-10 #107, San Antonio, TX 78230

Contact

Fields marked with an * are required

Directions

Located on IH-10 Between Huebner & De Zavala off Woodstone: 11815 W IH-10 #107, San Antonio, TX 78230

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