Now with current rate the same or lower than existing mortgages, lenders have much less incentive to call a performing loan.I think Bill Gulley mentioned that he has done hundreds of loan assumptions and has never had one called.

Neither you or I want to wait (assumption).Having just retired, I am more in your frame of mind and looking.

I am not sure what would make anyone, make this assumption in this market.

Does he not have an ID for sure or is this an assumption?

What if the assumption was that this was a honest person instead?

With $40,000 cash you could find a property owner that owns a property worth $200k to owner finance, or take a shot at a silent assumption.

If that's your assumption.

If you make your own assumptions about a property, it's all on you, if a buyer's agent makes representations, what was represented is on them, who knows what they may say.

With that assumption, some people might believe another broker has their own sources of cash, etc., and when they go out and contact those brokers, don't realize those brokers are submitting to you, just with a middle man.

I read the HOA can appoint an appraiser for the FMV, and the result was way off from what was expected, I would challenge the appraiser as they probably did the value under a depressed market assumption rather than a FMV analysis.