i came across a MFR here in PA, i was interested so i called the owner and he wanting to sell. after we spoke he said i should look into assuming the loan on his property. i told him send me all info and he did. i new...

I ran into a MFP for sale on the MLS. 78 units total. The list price is $4,900,000. But there is an assumable loan of $2,740,000 at 3.96%. I'm not sure how much longer the term is.

This may sound crazy; If I bought ...

I planned to assume the FHA Mortgage and then rent it out. Going through the paperwork from Chase it says Investors are unable to assume FHA mortgages or it will be accelerated and the total amount will be due. Can I ...

Three weeks ago, we receive a phone call from a lady who wants to sell her house. After some questions, we discover that she has bought the house last year for $103,000 and that she wants to get rid of it. We visit th...

Hello! My name is Mariah. I am an independent contractor and was advised to file under an assumed name by the company. After doing some research I have realized I want to file as an LLC. I have called the MN Secretary...

Currently I own 3 separate four unit properties and now I am looking at purchasing a 10 unit. As for financing the seller just refinanced a few months ago to cash out a distressed partner and we were discussing the p...

I have a client who became the trustee for an irrevocable trust that owns two properties. He ordered a title reported to see if the properties held in trust were encumbered. Apparently the IRS has recorded several tax...

How much of a premium would a borrower have to pay to be able to use an assumable mortgage to purchase a house? It might have been a great strategy at the beginning of the year when rates were lower, to allow for bett...

My wife and I want to purchase her moms house and let her live there rent free. We would be purchasing it for her mortgage amount. We can’t assume the loan. What can we do to avoid the 8+ percent interest rates? Add o...

I have a buyer that is considering assuming a VA where the seller has lived in the property for 2 years. 
I know traditionally my buyer, if it’s a new VA loan, would have to live in the property for 1 year. 
My ques...