Anyone know about current loan assumptions if they even allow them anymore. This would be for a VA Loan obtained in 2007. What are the closing costs associated with assuming a mortgage. I am guessing the original t...
What fees are associated with assuming a commercial mortgage and how long does the process typically take?This is a prospective property in Georgia I'm looking at.
Hi All,We're working through assuming a friend's VA loan and so far so good. The assumption package provided by the current mortgage holder is fairly straight forward except that it states we need a "sales (assumptio...
Hello Everybody! Is it safe to assume price appreciation of 3% (rate of inflation) when analyzing a property. I understand that values can definitely go the other way, but is it safe to assume any amount of apprecia...
I am trying to understand the mechanics/math behind a CMBS loan assumption and the cash/equity needed from a buyer who would acquire the property and assume the loan.Example parameters below:Original Loan Bal...
My next door neighbor moved and couldn’t sell her home. She asked me to assume her loan to avoid foreclosure. (I told her it would be an investment property) I accepted and we signed a purchase agreement for me to ass...
Investment Info:
Single-family residence buy & hold investment.
Cash invested: $20,000
This was an assumption. Someone needed to get rid of the property so I assumed the loan. They even paid closing ...
Hi I was interested in knowing if you can help me in my situation below.My wife and I are currently living with my in laws. They had a loan modification about 3 years ago. They are no longer able to make their mortgag...
I was hoping I could get some help on some assumptions I am building into my rental property spreadsheet. For financing I have the following:Financing Fees - Trying to figure out what is a good assumption for this. X%...
I was hoping I could get some help on some assumptions I am building into my rental property spreadsheet. For financing I have the following:Financing Fees - Trying to figure out what is a good assumption for this. X%...