Taking over Mortgage

[Jonathan Arceneaux]

Hi everyone. I’m currently trying to gather information in effort to gain my first rental property. The property is valued around 70 - 80k with a current mortgage of about 60k in a smaller Texas town. My question has anyone had any experience with mortgage assignment? Is this something that is possible or do I have to go through the whole mortgage process? Please provide any input on the options that are available. Thanks.