Even if there was a formal assumption (not likely to get approved) you would still retain liability behind the LLC for the loan.Depending on the state practices you can use a RE attorney or just a title company to effect the change.

Firstly, there are rehab loans for primary residences that allow for the purchase price + rehab costs + up to 6 months of mortgage payments during rehab + closing costs to be rolled into the loan amount (and an allowance of 6% seller concessions too)...As to your mortgage lady, she might; 1) not know, 2) not care, 3) not offer a rehab loan program that allows for these features (although highly unlikely).

I was told if the offer is also included with the prequal/approval letter from the same lender who own the property .. it has more merit than offers with approvals from different lenders since the lender who own the property can recoup some of the losses through their own loan .. is it true ?

I've never actually used excel or anything before, assuming that would be the typical program for setting that up.

First state with a bottle bill, first major metro area with an urban growth boundary (Portland), focus on green issues, right to die stand, exemption from the federal Medicare program so that they can factor in quality of life when deciding what is to be covered.OR tends to be split politically.

DonmoyerOct. 4 (Bloomberg) -- The House approved today a measure to protect mortgage borrowers from getting a surprise tax bill from the Internal Revenue Service after a lender has foreclosed on their home.The bill, which still must pass in the Senate and be signed by President George W.

Got tired of playing landlord, and realized the big money takes too long to get, so I started up a new style of investing.My background is really in programming, more specifically web based application programming with databases.

Personally, I have his ebook and found it rather "skimming the surface" or wholesaling compared to other programs I've purchased.

Just let them know that you send a 100 of offers a day and it would be a waste of paper and time to fill out a complete purchase agreement..Now if there client agrees to the LOI then by all means send in a purchase agreement..Make sure it says and or assigns behind your name and in the addendum make sure you have your clauses " Outs" like Subject to partners approval, Subject to property title search.

Would it be before the closing and how would that affect obtaining the loan , which I'm approved for right now, personally.