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Updated about 3 years ago,

Mikey Grabon's profile image
Mikey Grabon's profile image
Mikey Grabon
  • Contractor
  • from Philadelphia, PA
  • Member since Nov 25, 2021
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13
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1
Votes
Mikey Grabon's profile image
Mikey Grabon's profile image
Mikey Grabon
  • Contractor
  • from Philadelphia, PA
  • Member since Nov 25, 2021
Connect
Mikey Grabon
  • Contractor
  • Philadelphia, PA
1
Votes |
13
Posts
Foreclosures

Assignment of mortgage

Mikey Grabon
  • Contractor
  • Philadelphia, PA
Posted

So I need some help with understanding assignment of mortgage. Why would I see assignment of mortgage being past around like a hot potato? Should I worry about bidding on this house? Plus I see on the doc adjustable rate open-end home equity conversion mortgage. What would I have to worry about if I win the bid? I feel this owner has no equity in the home because there are two of these mortgages.

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