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Updated over 10 years ago on . Most recent reply

User Stats

131
Posts
12
Votes
Tony Gatto
  • Property Manager
  • Myrtle Beach, SC
12
Votes |
131
Posts

Need tips to buy a house and assume the mortage

Tony Gatto
  • Property Manager
  • Myrtle Beach, SC
Posted

Hey guys ... I am making an offer on a house that i will fix and flip.

However i am not 100% sure on how to go about the deal i want to structure and am looking for some advise.

Here is what i think i know

I am looking at assuming the mortage.25k

From there do i need to get a lawyer to draw up papers? Or can i just assume and change the name on the deed?

Also how do i check that there are no more leans on the deed ? Courthouse and research the chain of ownership?

I am thinking thats all we really have to do, unless i am missing something

Tony

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