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Updated over 5 years ago,

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Yuma, AZ
  • Member since Jun 14, 2019
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Yuma, AZ
  • Member since Jun 14, 2019
Connect
Account Closed
  • Rental Property Investor
  • Yuma, AZ
45
Votes |
637
Posts
Foreclosures

Can I refinance then pay the seller?

Account Closed
  • Rental Property Investor
  • Yuma, AZ
Posted

Lets say that there is a homeowner that has a house worth 100k and he owes 50k but he has 10k in back payments but he is willing to let me take over his mortgage payments but he wants 10k. Which equals to 20k to get the deal. Can you pay the homeowner's backPayments and once you get the title, refinance and pay the seller 10k from his own equty?

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