how can you take over a mortgage with out a loan,and what company's still do this?

  • Thread starter Thread starter NELSA S
  • Start date Start date
N

NELSA S

Guest
what do you need to look out for ? Are you brakeing any laws by doing this ? any Real Estate Attorney's out there?
thanks !
 
The simplest answer is usually the right one.

The answer is... *you cannot*. The only way to take over someone's loan is to get a new mortgage yourself and buy the other person out in a real estate transaction. It's not that it breaks any laws to do what you suggest, it's just that there are ZERO mortgage companies who will transfer a loan. They would rather just foreclose on the home.
 
Back
Top