Saving a deceased woman’s home from foreclosure

[James Isaacs]

I came across a property which is priced too high for an investor to flip and not FHA approved cutting out traditional buyers. After talking to the listing agent I found out that the owner was deceased and that it was up to her husband to take over the loan. The mortgage is six months late (8k in arrears) and about to go in foreclosure. The husband is not interested in taking over the mortgage at all. The mortgage is not assumable and he does have the authority to seller finance the property to me nor would he be willing to. I offered to pay what's owed and and use a title company to pay the mortgage but he declined. As I said that would require that he take over the mortgage, which he won't do. I am currently closing on another property so I can't apply for any loans right now. Any suggestions on how to go about getting this property?

[Account Closed]

Originally posted by @James Isaacs:

I came across a property which is priced too high for an investor to flip and not FHA approved cutting out traditional buyers. After talking to the listing agent I found out that the owner was deceased and that it was up to her husband to take over the loan. The mortgage is six months late (8k in arrears) and about to go in foreclosure. The husband is not interested in taking over the mortgage at all. The mortgage is not assumable and he does have the authority to seller finance the property to me nor would he be willing to. I offered to pay what's owed and and use a title company to pay the mortgage but he declined. As I said that would require that he take over the mortgage, which he won't do. I am currently closing on another property so I can't apply for any loans right now. Any suggestions on how to go about getting this property?

Move along, Nothing to see here.