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Updated about 8 years ago on . Most recent reply

User Stats

22
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0
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Jason Lazarski
  • Real Estate Investor
  • Las Vegas, NV
0
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22
Posts

Assuming a loan on a rental property

Jason Lazarski
  • Real Estate Investor
  • Las Vegas, NV
Posted
I have a person that wants to walk away from their property and allow me to keep the loan in place for five years until I have refi. What steps do I need to take? How to write the contract? Do I get my name added to the insurance or do I have to get my own even though the other person is on the loan?

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