My understanding is that the buyer assuming the loan has to meet the same credit/underwriting criteria as the original borrower, but this is not my area of expertise - lenders are typically not involved in assumptions.

I look forward to connecting with everyone to grow my knowledge of the industry and help others with questions should they fall in my area of expertise.

We were initially looking out of state for a potential move and or investment property just because the property taxes without being able to homestead, plus high cost of insurance, and harsh weather on homes made me feel like it might not be worth it.

We are contractors with different expertise and want to figure out a way that is fair both to get compensated.

He’s at the mercy of someone else’s expertise, motivations, personal interests, perception, and knowledge.  

I'm in the process of meeting and vetting two (for now) Cape Coral builders who might have the expertise and bandwidth to take over partially built projects like yours.

This quick profit flip highlighted our expertise in identifying high-potential properties and executing rapid sales for substantial gains in Pleasant Hill’s thriving market.

And, Alabama has the second lowest propertey taxes in the nation behind Hawaii.

For residential mortgage, an LLC needs two years of its own tax returns or occasionally, a local credit union where you have an account will ok it.The bigger question is about your partnership.

Marketing / pricing strategy and local expertise are key.