subject to

Definition of "subject to"
  1. A term used when acquiring title to property which has an existing mortgage or deed of trust, indicating that the new owner will continue to make the payments on the debt owed. However, if the new owner doesn't pay, the original debtor will be liable for the payment and the property can be foreclosed, leading to possible loss of title for the new owner
How to use "subject to" in a sentence
  1. He bought the house subject to an existing mortgage, and continued to make payments on the previous owner's debt.
  2. She feared buying the art studio subject to the existing commercial loan, knowing if she failed to pay, foreclosure was a possibility.
  3. The vacant commercial building, subject to an ongoing loan, was bought and the new owner continued the debt payments.

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