HELP! Need assistance with deal finance structuring
Hello friends! I have a seller who bought a new primary residence and is unable to sell the first house. They are not willing to rent it out because the house needs repairs that they cannot fund. The house also still has a mortgage on it. Initially I was thinking of approaching them with the idea of seller financing, but the bank between us would make it awkward. Is there a way for me to assume their mortgage? Any feedback would be appreciated!