Private Lending & Conventional Mortgage Advice

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Troy Froistad
  • Investor
19
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55
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How do you assume a SFR loan?

Troy Froistad
  • Investor
Posted May 19 2022, 09:34

Hi there,

I have an opportunity to assume my neighbors loan.  It is a single family home. Nothing fancy. I am looking to do this transaction as soon as possible.  What steps do I take to make this happen?  His taxes and insurance are escrowed. How do I handle that as well?

Thanks,

Troy

Lincoln, Nebraska

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