Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

3
Posts
1
Votes
Bruce Shilander
  • Real Estate Agent
  • Port Saint Lucie, FL
1
Votes |
3
Posts

New to community...

Bruce Shilander
  • Real Estate Agent
  • Port Saint Lucie, FL
Posted

Hey Everyone!

I am new to the community, first joined October 2014. I am searching for homes in South Florida for my wife and I. Specifically I am looking North of West Palm Beach to Sebastian OR South of Sarasota to Naples. This home will be our second home, as we own a home elsewhere that we will keep.

What I am looking to do is take over existing financing from a homeowner  that wants out of paying their payments (Banks really do not care who makes the payments), and have title of the property in my possession. It is a win for me the buyer, the existing homeowner as it eliminates a payment and selling time for them, and a win for the realtor+/or attorney who closes the sale.

I want to know if my strategy above is legal in Florida. I know it works in other states. I need clarity, factual information on this issue as per Florida real estate law, not assumptions from someone who does not know for sure.

We are not in any hurry to buy but, would like to have something by year end.

If you can help get in touch with me by clicking my profile.

Talk soon,

Bruce

Bruce Shilander

Miami Florida

Most Popular Reply

User Stats

1,527
Posts
514
Votes
Jeremy Tillotson
  • Investor
  • Fort Wayne, IN
514
Votes |
1,527
Posts
Jeremy Tillotson
  • Investor
  • Fort Wayne, IN
Replied

@Bruce Shilander welcome to BP

Loading replies...