Let's say you're a real estate agent who has just taken on a new client who needs to sell their home quickly. Unfortunately, the client has some financial difficulties and is underwater on their mortgage, so they're concerned about being able to sell the property for enough to cover the outstanding loan balance.
You could try to sell the home yourself, but you might need help attracting buyers willing to take on the property at its current value. You might also need help finding a buyer willing to work with the client's lender to complete the sale, especially if the lender hesitates to approve a short sale.
On the other hand, if you work with a subject to mortgage specialist, They are willing to take on the property subject to the existing mortgage. This means that the buyer can take over the payments on the existing loan, and the seller can avoid having to come up with cash to pay off the loan balance.
The subject to mortgage specialist can also work with the seller's lender to ensure a smooth transfer of ownership without the seller needing to obtain lender approval or negotiate a short sale.
By working with a subject to mortgage specialist, you can provide your client with a faster and more reliable option for selling their home while also ensuring you get paid for your services as a real estate agent.
Plus, by building a relationship with a subject to a mortgage specialist, you can tap into a valuable resource for future clients who may also need help to sell their homes under non-traditional methods.