JACKSONVILLE, Fla. – The News4JAX I-TEAM has been warning homeowners about “subject-to” mortgage deals. These are legal but risky transactions that can leave sellers financially responsible even after signing over their homes.
Now, another Jacksonville homeowner says a deal like that left him facing foreclosure, damaged credit and mounting stress.
Stacey Sexton said he sold his home last year to BG Investment Group, also known as BG Ventures Investment Real Estate, or BG Ventures, through a subject-to agreement, meaning the deed transferred to the buyer while the mortgage remained in his name…