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Updated 10 months ago,

User Stats

72
Posts
28
Votes
Rashid Khalil
28
Votes |
72
Posts

help to buy a house going on foreclosure

Rashid Khalil
Posted

this house was a failed listing last year. The couple is divorced. both names on the mortgage. went to auction for foreclosure now. some equity for the owner probably still in property. existing/defaulting FHA loan at a low rate.

I wish to assume the FHA loan and keep the mortgage, clearing the arrears and paying something to the owners to motivate them for the deal

Is there anybody who provides that service to coordinate this transaction for a fee ?

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