Posted by Darrell on April 22, 2006 at 11:19:26:
According to an interesting book I am reading, “106 Mortgage Secrets all Homebuyers must Learn”, it says, on page 60, …“Generally, sellers who have financed their properties with FHA, VA or most types of adjustable rate mortgages can offer an assumption to their buyers.” It goes on to say, “True, buyers do have to qualify to assume these loans.”
I am attempting to verify this information. Is anyone assuming any of these loans with qualifying? Or, is the book incorrect? Thanks!