Cant pay assumable . Any ideas. anyone. - Posted by suraj

import · June 19, 1999, 9:22pm

Posted by Robert on June 20, 1999 at 18:07:15:

Get someone to buy the house, assume the loan with 5000 down,and go find a cheaper house to live in. Buy your new house creatively so you dont have to worry about credit check or lengthy bank process. Put an Ad in the paper ASSUMABLE LOAN 5K down no qualifying, bad credit no credit call . You will at least get enough people to call that you can make a decision on who to let assume loan. Secondly, you need to make some money. Find someone to show you the ropes of real estate investing. You can make 5-10 grand the first month just flipping contracts. If you dont know what that means, go to How to articles and find an article on flipping. If you still dont know how, email me back and I will tell you how to do it. Only you can make it happen, so cancel your cable and get busy.

import · June 19, 1999, 9:22pm

Posted by suraj on June 19, 1999 at 21:22:26:

I I purchase this assumable $74,000.00 mortgage from the owner 3 years ago.
Now Due to job slow Im unable to pay the $ 720.00 monthly mortgage.
The owner is willing to have someone assume the same as he did . Which i put $ 5,000.00 down.
In desperation i signed on the papers.
Now Im having such a miserable time to pay.
I would surely welcome any suggestion or ways that i can get out from this.
But I need a place to live with 3 kids a wife. and limited income.