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Updated almost 5 years ago,

User Stats

6
Posts
1
Votes
Ainere Acanda
  • Rental Property Investor
1
Votes |
6
Posts

What do you think of this idea?

Ainere Acanda
  • Rental Property Investor
Posted

My mother has a friend who went tru divorce 2 months after buyingbher first house. They lived there untill January that they decided let the house get foreclosed. I just find out and since my credit is not tha good my light bulb whent on. March will be the 3rd month without paying the mortgage (fixable i think) i have around 10 thousand and paying to get the mortgage up to date will be around 5000. My idea is get the deed pass to me keep making payments and rent that house. And if it goes weel then repeat.

I guess that my real question is... you guys that have more experience than me in this... What do you think of this?

I will no be paying them nothing just the back money they own the bank and i will take over the mortgage payments.