Not every home sale fits the traditional mold. Sometimes the numbers don't work for a conventional buyer, the timeline is too tight, or the seller just needs a solution that a bank can't provide.
This is the story of how we helped one homeowner in Cleveland, Ohio close quickly — without any of the usual friction.
The Situation
The seller owned a 4-bedroom, 2-bathroom home in a prime downtown Cleveland location. The property was in great shape — 2023 architectural roof, newer HVAC, updated kitchen. On paper it was a strong asset.
But there was a challenge. The seller had an existing mortgage with a low 2.9% interest rate and needed to move quickly. A traditional sale would take 45 to 60 days minimum, require a new buyer to qualify for financing at today's higher rates, and add weeks of uncertainty.
Why Traditional Buyers Couldn't Help
At today's rates, financing this home conventionally would cost a buyer significantly more per month than the seller's existing payment. Traditional buyers kept walking away once they ran the numbers.
Meanwhile, the seller had already accepted a job offer out of state and needed to close fast.
The Solution: Subject-To
We structured a subject-to purchase. We took title to the property while the seller's existing 2.9% mortgage stayed in place. We took over the payments immediately.
The seller got:
- A fast closing on their timeline
- Zero money out of pocket
- Relief from the mortgage obligation going forward
- The ability to move and start their new job without the house hanging over them
The Result
We closed in 11 days. The seller moved to their new city on schedule. The mortgage payments have been made on time every month since closing.
Could This Work for You?
Subject-to isn't the right solution for every situation — but for homeowners who need speed, have a low existing rate, or have little equity, it can be exactly the answer. Call us at (786) 982-8464 and we'll tell you within 24 hours whether it makes sense for your situation.