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Updated over 2 years ago on . Most recent reply

Michael Mignogno's profile image
Michael Mignogno's profile image
Michael Mignogno
  • Member since Jan 19, 2022
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Michael Mignogno's profile image
Michael Mignogno's profile image
Michael Mignogno
  • Member since Jan 19, 2022
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Michael Mignogno
9
Votes |
29
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Creative Real Estate Financing

Assumable Mortgages - creative financing

Michael Mignogno
Posted

Hi Everyone,

I have a Mulit-family that isn't producing and is in an area where I am trying to pull out of.  I have an offer to take over the mortgage plus a small cash offer.  My mortgage states that it is not Assumable.  Has any one ever experienced this and are there creative ways to circumnavigate this issue?

Thanks!

  • Michael Mignogno
    • Saint Petersburg, Florida
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    Wayne Brooks's profile image
    Wayne Brooks's profile image
    Wayne Brooks
    • #1 Foreclosures Contributor
    • Real Estate Professional
    • from West Palm Beach, Florida
    • Member since Jul 27, 2012
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    Wayne Brooks's profile image
    Wayne Brooks's profile image
    Wayne Brooks
    • #1 Foreclosures Contributor
    • Real Estate Professional
    • from West Palm Beach, Florida
    • Member since Jul 27, 2012
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    Wayne Brooks#1 Foreclosures Contributor
    • Real Estate Professional
    • West Palm Beach, FL
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    Wayne Brooks#1 Foreclosures Contributor
    • Real Estate Professional
    • West Palm Beach, FL
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    @Michael Mignogno Don’t do it…sell it out right.

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