Asked by Annalisa, Los Angeles County, CA • Fri Aug 14, 2009
My family needs to relocate to the Los Angeles area, for my husband's job. I have seen a lot of postings on sites, such as craigslist, which offer to let a buyer "take over the payments" on a home. I am not sure if this is too good to be true? It seems that some of these listings offer much more reasonable payments ($1200-1800 month) than do rental homes. We really can't afford more than $1800 a month, but we need to find a house with a yard, so that we can take our dogs with us. Right now, we live in Central Illinois, where housing is cheap, and we only pay $856 a month for our 4 bedroom house here (which includes PMI and homeowner's insurance!). Are these offers all scams, or is there indeed a way to find a house with a yard, for $1800 or less? Thanks!
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