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Updated over 7 years ago on . Most recent reply

User Stats

30
Posts
6
Votes
Anthony Johnson
  • Real Estate Agent
  • Manhattan Beach, CA
6
Votes |
30
Posts

Assuming a foreclosure. Help.

Anthony Johnson
  • Real Estate Agent
  • Manhattan Beach, CA
Posted
Hey Bigger pockets! I'm trying to save a veteran from foreclosure. She is 8grand behind on payments. The total amount due is 55,094.74, ARV 110k. Does anyone have experience with talking to banks to stop the process, I understand I need to threeway call with my client. I'll be doing that Monday. I am trying to assume the loan after paying off the amount owed. Any tips or things to keep in mind? The property is in TN. Thank you Anthony D. Johnson

Most Popular Reply

User Stats

2,327
Posts
1,838
Votes
Mitch Messer
  • Lender
  • Playa del Carmen, México
1,838
Votes |
2,327
Posts
Mitch Messer
  • Lender
  • Playa del Carmen, México
Replied

@Anthony Johnson Got it! Very nice. Why not take the loan over Subject-To, rather than assuming it?

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