Deeds - Posted by Jan

Posted by Lee on February 03, 2002 at 08:36:43:

I think the general idea of “free” is with regard to the fact that you can sometimes get the deed to the home with no initial investment or down payment, and take over the existing mortgage payments “subject to” the existing debt.

If you then get someone else to pay off the mortgage, such as your tenants, then over time you will truly own the home free and clear.

That is one way to get the house for “free”.

Deeds - Posted by Jan

Posted by Jan on February 02, 2002 at 11:38:11:

I heard on a tape that you can get a free home by getting the deed. How can it be free when you are paying the mortgage?