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Updated over 8 years ago, 04/20/2016

User Stats

46
Posts
11
Votes
Jim Holmes
  • Investor
  • Terre Haute, IN
11
Votes |
46
Posts

Commercial property

Jim Holmes
  • Investor
  • Terre Haute, IN
Posted

there is a small 4 unit office complex in my area that I am interested in. We have other commercial properties in the area. This property is to be sold at sheriffs sale nov. 19. I have spoken with current owner about assuming payments or buying subject to the existing mortgage. He has completely walked away and wants nothing to do with lender or property. Would I have a leg to stand on if I approach the lender and ask if they would allow me to assume this loan. Jim holmes

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