Hello All:I have a question about how to structure a deal, if it is possible at all.FACTS:I am the buyer.The seller and I have an AOS for $300k.The seller has an existing mortgage on the property with a balance of $60...
Federal law allows relatives to assume an existing mortgage after the death of a borrower; bank cannot object so this is not a "subject to" issue. Has anyone had experience with doing such a transaction,including what...
Hello everyone. I have a fourplex on the market that has very high cashflow and good terms that is under a VA loan. I was contacted by a real estate agent today with a client who would like to offer full price but ass...
I have been underwriting many deals in my market and have encountered a deal requiring loan assumption on a 20-unit apartment.
I have many questions to ask, but I want to understand from here before meeting the owner...
Has anyone used https://www.umeprojects.com/ for loan assumption? I would like to know if this is legit service.
Hi everyone, I have a question on the deal that I’m working on. I have an opportunity to purchase a four Plex that needs some additional work and is a deal that has a FHA loan that I can assume at a fantastic interest...
Looking to purchase a property by assuming the current FHA loan, and securing a second mortgage, ideally up to 95% LTV since it'll be an owner occ. I found this property off market and will not be using a realtor. Wit...
Hey everyone,I am planning to buy my first property and it needs some work. I know it is challenging, but I would appreciate it if you could assist me with giving me an assumption of how much it should cost according ...
Being offered a VA loan assumption and not sure where to start. Has anyone had experience this and usually what it entails? I know I have to get approved
Has anyone ever done a VA loan assumption deal, particularly as the seller? Can you describe the experience and if it was smooth, a hassle or extra stress rather than just an outright sale