Editing 1course Real Estate (section)

==== Real-Life Example: Successful Subject-To Deal ====
Consider Emily, an investor who found a distressed property with an underwater mortgage. The homeowner, facing foreclosure, was eager to sell to avoid further credit damage. Here’s how Emily executed the Subject-To deal:

* '''Negotiation:''' Emily negotiated with the homeowner to take over the mortgage payments. They agreed on a purchase price that covered the existing mortgage balance.
* '''Title Transfer:''' The title was transferred to Emily, while the existing mortgage remained in the homeowner’s name.
* '''Payment Management:''' Emily continued making the mortgage payments, preventing foreclosure and maintaining the homeowner’s credit.
* '''Exit Strategy:''' Emily renovated the property and rented it out, generating positive cash flow. Later, she sold the property at a profit, having successfully navigated the Subject-To strategy.