Posted by Arlen on May 17, 2000 at 20:51:04:
Is that “Successful Investor” by any chance using the last name of (FLINTSTONE!) That is the most ridiculous statement I ever heard of!.
You can in fact do what you are talking about here but not like that. You take over the loan “Subject To”. This is very common however, it takes a little more that that ancient way your buddy described.