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,...

My mother in law owns a home here in Houston with a current FHA mortgage, but had to move closer to us (on the other side of Houston) for health reasons. So, she rented out the house using a property manager and reloc...

Hello BP Community,
I am selling my fourplex, which is owned 100% by me in my personal name. The property I am buying (with a partner) is a 20 unit apartment in a low-cost state and has a commercial Fannie Mae loan t...

Subject-to means subject to the existing loan. This means having the home owner sign the deed of the house over to you, with the promise that you will make their mortgage payment.  However, the lender is not made awar...

With rates 6.5%-7%, especially for investment properties right now, I just read about assumable mortgages where you simply take over the mortgage of the seller when you buy the property. How does this work? Can anyone...

Hello all. I used the BP search function and there's a lot of great info on the topic buy I'm left with a few questions if somebody can answer. 1. When buying the 2nd lien, can you contact the senior lien right away f...

To all my creative finance aficionados, I have a situation...I have a potential off-market deal in my hometown of Pittsburgh. A woman is moving out of her home but has only owner it for about 2 years. She doesn't want...

Can I still assume an FHA loan if I’m not a first time home buyer? It would be my primary residence but would be a third property. 

Hi all. I've been looking at properties going to auction. Typically it's the lender of the first mortgage that is foreclosing. But occasionally I'll see a property where the it's the lender related to a second mortgag...