Posted by CarolFL on April 12, 1999 at 07:36:25:
As to the Realtor’s reaction, who can tell? I never ceased to be amazed…
I think that one of the best remarks in all of the recent discussion of DOS is that the lender MAY call the loan due should they
- become aware of the transaction and
- care to do so.
There are a lot of posts concerning DOS - more than you want to read, but check out a few anyway.
Also, realize that the loan will remain on the seller’s credit report (which may not be all bad) until it is paid off. Just don’t lete yourself get caught “ignorant” … you lose control of the situation that way!