Dave Craig
Options for financing the remaining balance after taking over an assumable mortgage
I have a good opportunity with an off-market deal that is currently exclusive to me. The purchase price is right and the seller has an assumable mortgage in place at a very good rate. The problem is that the mortgage ...
Arian Cora
Assuming control of a property from my dad who passed last year.
Greetings BiggerPocket members, This is my first post as I just created an account the other day. My question to you is can I do a refinance on a house that I assumed control of through a will? the mortgage is under m...
Mike Mitchell
I'm assuming a note to purchase a property how to handle it?
I'm assuming a note with zero down and purchase price equals the balance of the note. The note is held by a private investor who is willing to let me assume the note. What's the best way of handling this from a lega...
Jim Lynch
Minimum "boxes to check" for tenant screening, assuming you are self-managing
I'm curious as what y'all consider to be the minimum criteria for approving a tenant, assuming you don't have access to professional tools. If I am self managing my portfolio, what do I need to check/confirm, and what...
Yolanda Columbus
Holder of My Note Wants to Sell Rather than New Buyer Assume Note
I am selling my owner-financed condo. It is currently under contract. Buyer wants to assume the owner-financed note. My owner wants a lump sum payment. I agreed to owner-finance in second lien position if my buyer ...
Brooke T.
Can I get the bank to let me Assume the existing mortgage/DOT??
Hello Everyone! I have VERY recently started acquiring property through judicial foreclosures, where I am bidding on the second position and acquiring the property subject to a first mortgage/DOT ( and a 6 month redem...
Aaron Smith
Assuming an FHA Loan from a Seller who does Not get a Release?
Say a seller has $80,000 left on an FHA loan. They just want someone else to to assume the mortgage payments and give $8,000 as a down payment. So, a total purchase price of $88,000.They are transferring the title...
Richard Evans
Can I sell a new build OR can someone else assume my obligation?
I'm under contract for a new build and the entire process has been a disaster. Now, I'm at the point where I want nothing to do with the property. The builder won't allow me to back out of the contract without giving ...
Account Closed
My mortgage can be assumed, how can I sell it 2 another investor
I have an investment property that was my first home.I was renting it to family for 2 years and have recently kicked the out from the property and have cleaned up the home, repainted and recarpeted it.It's ready to be...
Bradley Buxton
If you assume a loan does it have to be a primary residence?
If you assume a VA or FHA loan is it required to be a primary residence? Has anyone actually assumed a loan for a SFR rental?