Assumable Mortgage Properties All Locations : Nationwide Real Estate Advice

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Tom Braatz, Real Estate Pro in Brookfield, WI
Tom Braatz answered:
Is it safe to take over someones mortgage payments?
That is a load3d question. I would make sure to do a search and hold title and see if anything is secured against the property, get a GAP endorsement, and really find out what the prope ... more
0 votes Share Flag Wed May 19, 2010 Home Buying in San Diego
Bernard Gibb…, Real Estate Pro in Danville, CA
Bernard Gibbons answered:
True or False? You can take over mortgage payments for someone in pre-foreclosure wihtout having to qualify. ...
Wouldn't that be a great idea? I don't know where that one originated but I wouldn't give it too much credence.

Just think about it. If your home is in pre-foreclosure and you know s ... more
0 votes Share Flag Sun Apr 3, 2016 Home Buying in Concord
Gail Gladsto…, Real Estate Pro in 11743, NY
Gail Gladstone answered:
First time home buyer looking to buy FSBO. Need help.
First stop and most important one is a mortgage broker. Contact me off line at Gail@GailGladstone.com for a recommendation if you do not already have one.

Second stop is a REAL ESTA ... more
0 votes Share Flag Wed Apr 30, 2014 Home Buying in 10465
Tom Burris, Real Estate Pro in Baton Rouge, LA
Tom Burris answered:
What is the difference between FHA and Conventional Loan?
FHA is Gov't backed... and the higher 'Loan-to-Value' (LTV)deals do not experience an adjustment for those.
FHA has different loan limits.
PMI is less on FHA than Conventional for the ... more
0 votes Share Flag Wed Jul 22, 2015 Home Buying in Houston
Linsey Plane…, Real Estate Pro in Rancho Santa Margarita...
Linsey Planeta answered:
WHERE DO YOU FIND A TAKE OVER PAYMENTS HOME?
In the past several years, and probably still, it is difficult to find a home that you can simply take over payments. The homeowner must have an assumable loan and most of them are not ... more
0 votes Share Flag Sat Dec 7, 2013 Home Buying in Orange
Jeffrey Schn…, Real Estate Pro in Austin, TX
Jeffrey Schnabel answered:
Are foreign national mortgages available for purchase of investment properties in Texas?
Tracey,

Assumable mortgages are pretty much limited to VA type loans, and even they require requalication these days. Not having a FICO is not a show stopper. I suggest that if you ... more
0 votes Share Flag Thu Jun 5, 2008 Financing
Heidi Engel, Real Estate Pro in Mount Prospect, IL
Heidi Engel answered:
Should we make our condo FHA approved?
Absolutely not----FHA has been around a long time---maybe not as popular in the last 6-8 years because of the alternative financing---but it will be around a long time in the future---- ... more
0 votes Share Flag Sat Oct 11, 2014 Market Conditions in Rogers Park
Steve Belt,  in Scottsdale, AZ
Steve Belt answered:
Are there any assumable loans in the Phoenix, Maricopa County Arizona area?
Gloria-

In recent years, there have been very few mortgages written that could be assumed. These days, a VA loan can be assumed, however, until very recently VA loans weren't being ... more
0 votes Share Flag Wed Jun 25, 2008 Home Buying in Phoenix, AZ
Brad Shaffer,  in Chandler, AZ
Brad Shaffer answered:
I'm moving to Az in a few months
Sb,

The most likely pitfall is that the reason many people are loosing their homes in the Phoenix area is not because they've lost a job ... it's because their adjustable rate mortga ... more
0 votes Share Flag Thu May 14, 2009 Foreclosure in Phoenix
Fred  Kissin…, Real Estate Pro in Sparks, NV
Fred Kissinger answered:
Trading homes in Henderson NV
Hi Rob,
Your idea is a great one and sounds like a win win for everyone.
Now the big BUT ...

1) Your mortgage and the mortgage of the short sale most likely have a "Due on Sale" ... more
0 votes Share Flag Fri Nov 13, 2009 Home Buying in 89015
Thomas,  in Reno, NV
Thomas answered:
Is it possible to "trade" homes for a net/net positive for both parties? Does this make sense?
additionally, the does the 'trade' concept apply to 'trading' with Real Estate Owned and/or Bank Owned properties? is that possible?
0 votes Share Flag Tue Jun 5, 2012 Home Buying in North Valleys
Derek Gutting, Real Estate Pro in Carmel, IN
Derek Gutting answered:
Is a 30 yr fiixed FHA loan better than a 30 FIxed conventional loan?
To prevent paying PMI (Private Mortgage Insurance), you need to put down 20%. I would recommend doing a 15 yr mortgage if you can swing the payment. It is incredible how much money yo ... more
0 votes Share Flag Wed Jul 22, 2015 Financing in Indianapolis
Richard Rose…,  in Alexandria, Arlington,...
Richard Rosensteel answered:
In what order should we prepare to buy the
Erb,
So far your plan sounds good. Some buyer agents, such as myself are very active in scouting out and approaching current owners on our buyers behalf. Another thing you could do - ... more
0 votes Share Flag Mon Apr 21, 2008 Home Buying in 22301
The Hagley G…, Real Estate Pro in Pleasanton, CA
The Hagley Group answered:
To all buyers: What is your thinking on buying a home right now? I find that alot of buyers are very
I am a Realtor and a buyer....just bought four parcels in Ohio and looking to get my hands on more out here in CA. The problem? The media and agents telling consumers the market is bad ... more
0 votes Share Flag Tue Apr 5, 2011 Foreclosure
Durenda Fach…,  in Coastal Tampa Bay ar...
Durenda Fachtmann CEC CRS GRI answered:
With the market like it is today, how hard or easy is it to get a mortgage for a first time homebuyer ...
Shane,

Lenders these days want to see buyers with good credit.

For the most part, the better the credit, the better the loan terms and interest rate.

Whether you are a first ti ... more
0 votes Share Flag Wed Jun 4, 2008 Home Buying in Boynton Beach, FL
Marvin EMarv…, Real Estate Pro in
Marvin EMarv Corea answered:
Both my son and I own our own homes. We would like to switch properties. Do we have to go through the selli ...
You should really consult a real estate attorney. If interested, I can refer you to mine. Let me know.

Most residential mortgages have a due-on-sale clause and the title transfer wil ... more
0 votes Share Flag Wed Nov 7, 2007 Home Selling in Owings Mills, MD
#1,  in San Francisco Bay Area
#1 answered:
I see lots of ads for listing agents offering full service at discounted commissions.
If it seems too good to be true it probably and usually is.

You get what you pay for and you'll either do most of the work yourself or you are correct, they will not aggressively mar ... more
0 votes Share Flag Fri Jul 24, 2009 Home Selling
Pam Winterba…, Real Estate Pro in Danville, VA
Pam Winterbauer answered:
Hello my Mortgage Friends. Seller Financing??? Any Ideas???
Well back in the 80's we had assumable loans or people took loans subject to. Also, wrap around loans or land contracts were done. Sellers carried loans and some of those loans were s ... more
0 votes Share Flag Tue Aug 21, 2007 Tech Tips in Arizona
Edyn Real Es…,  in Dane County, WI
Edyn Real Estate answered:
Do I have to use the realtor who showed us the house I want to buy even if I never signed a contract with her?
Each state is going to have different laws regarding this. In Wisconsin we have procuring cause. Meaning the agent that helps a buyer locate the property is the one who earned the commi ... more
0 votes Share Flag Wed Dec 23, 2015 Home Buying in 08053
Denise R. Mc…, Other/Just Looking in 2901 Sunrise Blvd. Ste...
Denise R. McCoy answered:
How can i buy a home with bad credit but a good job and good income?
Believe it or not there are actually legitimate programs out there that will assist you in your quest to purchase a home, even though you have "challenged credit". One such program is t ... more
0 votes Share Flag Wed Jul 24, 2013 Foreclosure in Conroe
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