Brandon Cao
Assuming an FHA Loan - PMI Carried Over/Able to be Removed?
Hello All,I may be selling a triplex in a few months that has an FHA loan attached to it. Note this FHA loan was originated before the June 2013 change that makes PMI last the life of the loan. Instead, since it was...
Jose Falconett
What interest rate do you assume sellers have on their mortgage?
For purposes of an investor doing there due diligence and also for situation where a seller has no clue what they owe, interest rate, monthly payment amount etc.Since mortgage notes recorded in the public records does...
Timothy Robinson
How do we structure Seller financing with a non assumable loan?
Looking for creative financing options like wrap around mortgage to solve Seller's anxiety about bank foreclosure being triggered by credit union if she were to sell to myself and they find out by insurance or escrow...
Jared G.
I'm new but I know much less than the beginner's guide assumes...
Hey everyone, and thanks in advance for your help.I am absolutely brand new to real estate, living in the DC area. I do have a lot of "roundabout" knowledge of real estate because I've listened and read many hundreds ...
Shane Woods
Please help me help my friend - buyer wants to assume his loan
Hi Y'all,
Here's the story, and my thoughts. Please help and correct any misunderstandings I have...
Friend bought a house FHA for $127K about 6 months ago. $5500 total out of pocket at closing.
A buyer (former ow...
Martin Yip Toll So
Can Canadians with no credit history in USA Assume the seller's mortgage?
Hi Bigger Pockets!
I've recently came across this technique of assuming the sellers mortgage when purchasing the house. I am a Canadian investor and I am looking towards diversifying my portfolio in the US. Given th...
Michael Newberg
FHA Loan on property for sale, buy subject to or assume loan?
I have the opportunity to buy a home that a co-worker has. She just purchased the home about 6 months ago with an FHA loan. Her life situation has changed and she wants to move. I understand that the FHA loan requi...
Michael Newberg
FHA Loan on property for sale, buy subject to or assume loan?
FHA Loan on property for sale, buy subject to or assume loan?
I have the opportunity to buy a home that a co-worker has. She just purchased the home about 6 months ago with an FHA loan. Her life situation has chang...
Debbie Barrows
Is there a way to assume a distressed homeowners mort.in WA state.
I would love to know if there are any loopholes to do this . Wa state has very strict laws when it comes to buying distressed property. It's a shame really because with the government rules and regulations homeowners ...
Nick Fromm
hello you , I have a question in regards to Assuming A mortgage.
Hello, I found a deal where the owners are sick and want just enough to pay off the mortgage so they can walk away from the property.(Example: client wants/owes 270k and home is worth 380k. If I assume their mortgage,...