Please help with this deal??

[Mark Gingrass]

House is rented out for $250 a month currently.

They want me to pay 2K to assume the loan and continue to make payments of $147.

I asked about who's name would be on the title etc and they said something like. I would create a trust and then they would make me the trustee and i would assume the house that way???

Does this sound a bit fishy?

Also, maybe they just want out and I could offer to just pay like $500 bucks and take over the loan.

What steps should I take? Do you think I should consult a real estate lawyer to see if this deal is legit?

It is a crappy little house but if the guy is paying 250 and my payments are 150 then the numbers work out as positive in my book.

I'll take any advice. Maybe I should just offer to take over the full 13K or whatever they owe on it. I would have to get a HELOC on my other house or something in order to do that though.

Thanks in advance.