Assume Seller Mortage
Assume Seller Mortage
Assuming a mortgage is not tough but sometimes the seller has so much equity they cant walk away without getting paid something. (This can be a second mortgage situation) But in the situation where there is a desperate need to get rid of the home and the monthly debt that comes from the home the seller is willing to sign it over to get out from underneath the mortgage. This is a situation that generally occurs when someone has lost their income, going through a divorce or there has been a death in the family
This situation happens more than most people think. Because while they are interested in buying a particular house in a particular neighborhood, we are interested in buying an investment and making it make sense. If it is not repeatable it is not worth doing and Zero money down is nearly always repeatable and nearly always worth doing.
Sometimes we can offer some small amount of money to help them get on with their lives or even a promissory note to pay later or a small amount to be paid each month. As long as the property supports itself with positive cashflow after both the mortgage is paid and the previous owner is made whole, this is a great option.
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Villa’s
Houses
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65 Old Solomons Island Rd Annapolis, MD 21041
Questions? Call 443-603-1086
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West Palm Beach foreclosures
San Diego foreclosures
Phoenix foreclosures
Katy foreclosures
Los Angeles foreclosures
West Palm Beach foreclosures
San Diego foreclosures
Phoenix foreclosures
Katy foreclosures
65 Old Solomons Island Rd Annapolis, MD 21041
Questions? Call 443-603-1086
65 Old Solomons Island Rd Annapolis, MD 21041
Questions? Call 443-603-1086