No Fees, No Repairs, No Closing Costs, No Hassle
Our first offer is our best offer!
At American Purchase Properties we break the norm of house buying companies by offering our
highest offer IMMEDIATELY.
We respect your time and aim to build trust and maintain transparency by treating you and your
home with the utmost care.Interested in discovering if your home and situation is a good candidate for a creative offer
Get your offer today!
Experience Our No Hassle process to buy your on market property QUICKLY
A "subject-to" transaction refers to purchasing a property while keeping the underlying mortgage intact, essentially assuming responsibility for the existing mortgage. The term "subject-to" is mentioned on HUD statement lines 203 and 503, signifying that we are acquiring the property subject to the existing mortgage terms. Despite its long history, some seasoned investors and brokers may not be familiar with the subject to strategy, and may raise concerns about its legality. However, the IRS recognizes and acknowledges the subject-to strategy.
The term "subject-to" is even listed on the HUD statement, and the IRS provides information on the subject in Publication 537, which can be found at this link: Hud Example
The seller is also protected by a pre-filled document called a Performance Deed, enforced by the closing Title Company. A Performance Deed is a legal document that allows a borrower to transfer the ownership of their property back to the original owner to avoid lengthy foreclosure and lawyer fees. This document is completed at closing and drafted by the Title Company.
No, we want this to be as painless as possible. so we will pay for a loan servicing company to service our agreement.
A loan servicing company is a third-party entity that manages loan-related tasks such as collecting payments, sending statements, and ensuring that the borrower stays up to date on their payments. This helps the seller have peace of mind, knowing that their investment is being professionally managed.
In the highly unlikely event that we are unable to make payments, the property would be transferred back to the seller through the Performance Deed. This means that the seller would keep all the funds we've paid and regain possession of the house to do as seller wishes.
Take a moment to submit your information on the form on this page. It includes full name, email, phone, and property address. Following that we will need a copy of the most recent mortgage statement and any major repairs needed. This can be emailed to [email protected]
This is the information needed to give you the most accurate and strong offer we can present from the get go.
After you submit your property information, our team will take a look and contact you by phone if additional information is needed. After consider all aspects of your home, we'll send our highest and best competitive offer for your property that is a win-win for all parties involved. Once you've received the offer, there's no obligation whatsoever to accept it. If you decide to sell your home to us, the process will be fast and smooth!
