We take over your loan payments. You sell your house quickly.
With our “subject-to” deal, homeowners can access unique benefits that traditional sales can’t offer to you.
Who we buy from
You’re facing hard financial times
You want to sell your house quickly & hassle-free
You don’t want to pay out of pocket to sell
You’re facing foreclosure from missed payments
You want to sell your property ‘as is’
You’re a realtor dealing with a difficult property
How a “subject-to” sale works
Step 1
Fill in a form, then we view your property & mortgage info
After telling us a little bit about your property in this form, we’ll need to see your property (in-person or via video) and mortgage information—so we know what’s left to be paid, what monthly payments are, if any payments are overdue, etc.
Step 2
You receive an offer, agree, and choose the Closing Day
Whatever equity you have in your property, that’s what we’ll offer to pay you. You’ll get a contract from us (via email or in-person), and to proceed: simply sign it, and choose your preferred Closing Day date/time/location.
Step 3
On your Closing Day: we take over your mortgage
We’ll bring the final documents for you to sign so that ownership transfers to us—and we take over the financial responsibility of your mortgage (i.e. your mortgage stays in place and we make its monthly payments, plus cover anything overdue).
Step 4
You immediately get paid your equity
Whatever amount of equity you have in the property, we’ll pay it to you right then and there in the way you prefer—whether that’s cash, bank transfer, or cheque. No fees subtracted; nothing for you to pay out of pocket.
Why people choose this offer
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Protect and increase your credit score
For homeowners who have missed mortgage payments, or are unable to make their monthly payments anymore, this offer helps protect your credit score. We pay everything past due when we take over, and pay on time on your behalf—making you gain a higher credit score.
Gain more from your low interest rate
For whatever reason you may want to sell your house fast, this offer lets you gain more if you have a mortgage with a low interest rate. We’ll offer a higher purchase price for taking over ownership and your mortgage—so you get more money from simply having a low interest rate.
It’s a fast, easy sale—that won’t cost you
Since no banks or lenders are involved: we can buy your property ‘as is’ within 5 days. Unlike traditional sales, you’ll have no closing cost fees or seller’s credit to pay for—resulting in no money out of pocket when you’re selling your home.
For realtors: Your clients finally sell. You get commission
As a realtor: if you’re dealing with a client who’s property isn’t selling, or who would lose money if they sell, we’re here to make it a win-win for you two. We take over their existing mortgage and pay all closing costs and commissions—so they finally sell, while you get paid.
Frequently Asked Questions
Answered for you
What is a subject-to (subject-to mortgage)?
A subject-to is a flexible, real estate transaction where sellers can sell their property by keeping in place their existing mortgage (the buyer simply takes over its monthly payments), while its ownership is transferred to the buyer.
This sale strategy has unique advantages to both sellers and buyers, making it increasingly popular.
Could you give me an example of how it works?
Absolutely! Here are 2 examples, one for a seller who has equity in their property, and another for a seller who has none/just recently bought their property—plus an example of a traditional house sale so you can see the difference.
A seller with equity in their property—selling subject-to
Before:
- Equity (money already paid to the bank) = $10,000.
- Mortgage (money still owed to the bank) = $190,000.
- Monthly mortgage payments (responsibility of the owner) = $340.
After a subject-to sale:
- Closing costs paid by seller = $0.
- Money the seller receives (from the buyer) = $10,000.
- Mortgage (remaining as is) = $190,000.
- Monthly mortgage payments (now responsibility of the buyer) = $340
A seller with no equity in their property—selling subject-to
Before:
- Equity (money already paid to the bank) = $10,000
- Mortgage (money still owed to the bank) = $200,000.
- Monthly mortgage payments (responsibility of the owner) = $360.
After a subject-to sale:
- Closing costs = $0.
- Net money from the sale (for the seller) = $0.
- Mortgage (remaining as is) = $200,000.
- Monthly mortgage payments (now responsibility of the buyer) = $360
A seller with no equity in their property—selling traditionally
Before:
- Equity (money already paid to the bank) = $10,000
- Mortgage (money still owed to the bank) = $200,000.
- Monthly mortgage payments (responsibility of the owner) = $360.
After a traditional sale:
- Money received from sale = $200,000.
- Amount paid to the bank (paying off mortgage) = $200,000.
- Closing costs (6% realtor commission) = $12,000
- Net money from the sale (for the seller) = –$12,000
A seller with equity in their property—selling subject-to
Before:
- Equity (money already paid to the bank) = $10,000.
- Mortgage (money still owed to the bank) = $190,000.
- Monthly mortgage payments (responsibility of the owner) = $340.
After a subject-to sale:
- Closing costs paid by seller = $0.
- Money the seller receives (from the buyer) = $10,000.
- Mortgage (remaining as is) = $190,000.
- Monthly mortgage payments (now responsibility of the buyer) = $340
Is it the same as assuming a mortgage?
No. In a subject-to sale, 1) The mortgage remains exactly as it is and doesn’t involve the lender 2) The buyer pays the seller their equity in the property 3) The buyer takes charge of monthly mortgage payments/covering overdue payments, while receiving ownership of the property.
How is the seller protected if the buyer doesn’t make mortgage payments?
For any subject-to sale made through our company: you’re always protected by contract which you sign on the Closing Day.
As a company with millions of dollars in assets, we always honor our financial responsibilities. But if the contract is ever breached, we’d have to return ownership of the property to you (i.e. we lose any payments we have already made and invested into repairs).
What if the lender calls on the due-on-sale clause?
In the vast majority of cases, lenders won’t call on a due-on-sale clause for a mortgage that’s consistently being paid (what we, as your buyer, take care of). In the rare case it does happen however, the bank will always give you time to rectify the situation.
We help you with this by giving back ownership of the property to you, before buying it back using a lease option (the property is kept under your name until we pay off your full mortgage).
Who would be responsible for the homeowner’s insurance?
As a general rule, any lending bank will want the property they loan for insured—and if no insurance is in place, they can force it on the property for a cost 3 times the standard rates.
Having said that, when a subject-to sale happens, the buyer will usually get a new insurance policy for the property under their name—while also listing you on the policy if the lending bank requires it.
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