Posted by JohnBoy on March 20, 2000 at 01:05:25:
Take over her mortgage “subject to”. She remains on the loan while you assume the debt. No banks to deal with!
new to this. but thinking… - Posted by Indecks
Posted by Indecks on March 20, 2000 at 24:42:21:
I currently rent a house for what the owner pays for morg. Her husband died about 9 months ago and she wants out. the house was on the market for list of 79,900 but the owner owes about 58,000 on it. houses around me sell for 70,000 - 130,000 range. She will give me the eqid. that she owns but now the problem… My credit report sucks. past 3 years are clean but had problems three prior years. for a total around 6,000 left unpaid. I am still cleaning up but dont want to loose a chance. Any ideas on a plan of action
Re: new to this. but thinking… - Posted by Jason_VA
Posted by Jason_VA on March 20, 2000 at 08:49:44:
Check out the CAPactrust, her names on the loan, but you get all benefits of home ownwership.
-Jason