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Updated almost 10 years ago,
HELP!!!! Assuming a loan, subject to, in Baltimore, MD
Hey BP Fam,
I have a property owner that is willing to let me assume his loan. According to the rental numbers provided by the owner, the property cash flows at about 2.8% of rents and is currently 100% occupied. Does anyone know of any realtors/lawyers/cpas in Baltimore, Maryland that handles these types of transactions? I spoke to my real estate lawyer and he said he doesn't do them because there is no insurance/protection for buyer.
Any assistance provided is greatly appreciated.
Thanks!
E. Harris