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Updated almost 2 years ago,

Rick Albert's profile image
Rick Albert's profile image
Rick Albert
  • #3 House Hacking Contributor
  • Real Estate Agent
  • from Los Angeles, CA
  • Member since Apr 26, 2018
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1,861
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Rick Albert's profile image
Rick Albert's profile image
Rick Albert
  • #3 House Hacking Contributor
  • Real Estate Agent
  • from Los Angeles, CA
  • Member since Apr 26, 2018
Connect
Rick Albert#3 House Hacking Contributor
  • Real Estate Agent
  • Los Angeles, CA
1,361
Votes |
1,861
Posts
Creative Real Estate Financing

Assuming a Seller's Loan

Rick Albert#3 House Hacking Contributor
  • Real Estate Agent
  • Los Angeles, CA
Posted

Hello All,

Does anyone have experience assuming another investor's loan? Basically a Buyer will take over the loan at the same interest or higher interest rate, and then pay the difference.

What risks are to the Seller since the initial loan is in their name but the title isn't? Am I missing something?

A recommendation to an experience attorney on the subject would be appreciated. 


Thank you!

Los Angeles County, California
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