Either way, good luck to you!
Most mortgages are Not assumable mortgages. which means you cannot take over payments.
You can BUY it out right, for the pay off amount, but take over payments, MAY be loan fraud.
Contact a local Real Estate Attorney and Professional Realtor
Peace in your home,
REALTOR :: Agents for Change Real Estate
cell :: (512) 739-0457
10% of our net agent fees at the closing of our client's property will be donated to a charitable organization of their choice. We do this with ALL clients. This is our way of expressing our appreciation to both our clients and the worthy causes dedicated to the betterment of our communities.
9600 Escarpment Blvd :: Suite 745-75 :: Austin, TX :: 78749
Sponsoring broker :: David Komie, Attorney-at-Law (License# 584762).
Texas Law requires all real estate licensees to give the above information about brokerage services.
Yes, they can Deed the house to you but if the loan(s) attached to the property is not paid and brought current, the lender(s) will still foreclose. If you don't want them to foreclose, you will need to bring the loan current and keep it current.