Posted by michaela-ATL on January 12, 2004 at 11:42:45:
what you’re looking at is ‘subject to’ investing. If you go into the help articles and into the archives, you will find tons of articles on it.
Yes, most of the time you will have to catch up the payments. Some mortgage companies may agree to add the payments to the back or to increase the monthly payments in order to catch up.
The seller(s) will have to be actively involved.