Little equity? Can't sell? Enter five numbers to see if someone taking over your mortgage payments makes sense for your Sarasota or Charlotte County home.
In a mortgage takeover (also called a subject-to sale), you transfer the deed and the buyer takes over your existing monthly mortgage payments. The loan stays in place, so you can sell even with little or no equity and without bringing cash to closing.
It looks at four things: how much equity you have, your interest rate, how far behind you are, and how your payment compares to the home value. Low equity and a low rate are the strongest signs a takeover makes sense.
No. Your result shows instantly. If you want a personalized review of your options, you can send us your details afterwards.
That usually means you have enough equity that a cash sale could put money in your pocket. We can make a cash offer too — just send your details and we will review both options.
Learn more: What is a subject-to mortgage? · Underwater in Charlotte County? · Our mortgage takeover program