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Updated almost 4 years ago on . Most recent reply

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Michael Mignogno
9
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30
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Assumable Mortgages - creative financing

Michael Mignogno
Posted

Hi Everyone,

I have a Mulit-family that isn't producing and is in an area where I am trying to pull out of.  I have an offer to take over the mortgage plus a small cash offer.  My mortgage states that it is not Assumable.  Has any one ever experienced this and are there creative ways to circumnavigate this issue?

Thanks!

  • Michael Mignogno
  • Most Popular Reply

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    Wayne Brooks#1 Foreclosures Contributor
    • Real Estate Professional
    • West Palm Beach, FL
    13,512
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    Wayne Brooks#1 Foreclosures Contributor
    • Real Estate Professional
    • West Palm Beach, FL
    Replied

    @Michael Mignogno Don’t do it…sell it out right.

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