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Updated over 2 years ago on . Most recent reply

Chris Raniere's profile image
Chris Raniere's profile image
Chris Raniere
  • Homeowner
  • from St. Petersburg Florida
  • Member since Nov 28, 2022
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3
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Chris Raniere's profile image
Chris Raniere's profile image
Chris Raniere
  • Homeowner
  • from St. Petersburg Florida
  • Member since Nov 28, 2022
Connect
Chris Raniere
  • Homeowner
  • St. Petersburg Florida
3
Votes |
3
Posts
Creative Real Estate Financing

Can I assume a loan on a convention loan

Chris Raniere
  • Homeowner
  • St. Petersburg Florida
Posted

We have a potential deal "on paper" where we would take over a conventional loan from a failed flipper. People are telling us that assuming a loan, legally, is next to impossible. I have heard this tactic mentioned several times but can not find any details on how or even if it's possible outside of an FHA or VA loan.

Any insight? Thanks!

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Chris Raniere's profile image
Chris Raniere's profile image
Chris Raniere
  • Homeowner
  • from St. Petersburg Florida
  • Member since Nov 28, 2022
Connect

User Stats

3
Posts
3
Votes
Chris Raniere's profile image
Chris Raniere's profile image
Chris Raniere
  • Homeowner
  • from St. Petersburg Florida
  • Member since Nov 28, 2022
Connect
Chris Raniere
  • Homeowner
  • St. Petersburg Florida
3
Votes |
3
Posts
Chris Raniere
  • Homeowner
  • St. Petersburg Florida
Replied

Thanks @Jonathan Taylor

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