Casey Murray
Tax Consequences for Buyer Subject To/Assuming Existing Mortgage
Hi BP,I'm looking to purchase either via seller financing or assuming the note (assuming the bank accepts). I'd prefer assuming the note. The current note is with a hard money lender. If I purchase via seller financin...
Alex Hamilton
Are Sales Subject to Existing Mortgages in Louisiana Legal
Anyone know if "Sales Subject to Existing Mortgages" are legal in Louisiana. I ask because I did one and ended up arrested for felony theft. The Bank called my loan on the "due on sale clause" after my buyer missed ...
Clinton Davis
How could I structure this deal?
This is my first attempt @ owner financing so sorry for the newbie question....I have someone who is willing to sell me his property via owner financing. However, he still has a balance on his mortgage of $45k. Goin...
Ben M.
Owner finance offer on my property
I have an owner finance offer in my property below and not clear how this would work.1) Are they saying that I will be fully paid in 5 or 8 years? So the monthly payment would change later on? I guess that’s what the ...
Alfredo Burgos
Can I owner finance if I do not own the house?
Hello BP community. I have a question. I have a vacant house (tenants just left in the past month) with a loan on it. I would like to sell the house more creatively. Can I owner-finance the house to someone if I still...
Dustin Senor
Owner Financing while already having a mortgage
Hello,I got an offer on a two-family that I own. The offer was made so that I would become the mortgagor to them, while already being a mortgagee with my lender. Seems weird and wondering if it's legal.I had an attorn...
Rapture Barba
Why Sellers and Buyers benefit Subject to
Why Sellers and Buyers benefit Subject toSelling your House optionMany Sellers currently in a position where they have been trying to sell a home, but aren’t having the success they believed or were told they would ha...
Dennis Mcdonald
Transfer existing property to LLC to qualify for new mortgage
Hello BP! I've been searching for the better part of 5 hours for this answer but am coming up empty, so here I am creating my first real BP thread.
Here's the situation I'm in. I own a condo that I intend to rent out...
Alex Hamilton
Seeking Advice on Sales Subject to Existing Mortgage in Louisiana
I'm accused of not paying the mortgage for a home I was renting out. Whenactually the home was sold to to the plaintiff in this matter on a "Subject tothe Existing Mortgage" transaction. The plaintiff missed a...
Shahriar K.
foreigners using subject to existing mortgage to purchase real estate
Hey EveryoneI was wondering if there are any foreigners investing in USA using Subject to existing mortgage, or anyone has any tips if this is something foreigners(Canadians) can do without triggering do on sale claus...