Is it possible to find a home owner who is in default but not in forclosure who's payments who's loan I can?
take over? Example - i catch up all the rears then move in and make their payment and gain ownership of the home? How might something like that work?
Answers (1)
FIRST ANSWER
good evening......if the home you are considering buying has an fha loan and you can qualify to assume it..then yes....the only thought i have is if the market is so strong with low prices and motivated sellers, why would you want to do that?...just curious ....if the owner quit claim deeds the home to you, it violates the due on sale clause in the mortgage ....bob mcclure- success mortgage partners- plymouth, michigan......
Web Reference: http://www.loaningMichigan.com
Didn’t find what you were looking for? Ask a question!
More Q&A about Home Buying in Turlock
View all »
Ask a question
Got a real estate question? Get answers from locals, experts and real estate pros.
Email me when…
View all »
1 - 3 of 50
|
|
|
|
|||||||||||
|
|
|
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback