Assuming a Mortgage
Hi Folks, I was thinking about assuming a mortgage of a deceased owner the family wants nothing more to due with the home and is now in pre-foreclosure i plan to flip it for a profit but i wanted to know what step i need to take , Im asking what did or how did you go about assuming a mortgage
What should i do ?
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Rick H.
#4 Marketing Your Property Contributor
#4 Marketing Your Property Contributor
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Rick H.#4 Marketing Your Property Contributor
#4 Marketing Your Property Contributor
- Lender
- Greater LA/Orange County area, CA
How on earth do the numbers work? Is this a multi- million dollar property where $200k in back taxes added to a mortgage still leave lots of equity? You want to assume this for what reason?
Am I missing something?