Updated over 7 years ago on . Most recent reply
Taking over sellers debt.
I did the direct mailing strategy in my area and got a huge response rate. Everyone is willing to sell, but the 3 unit apartment I've had my eye on for the four years I been in the area has finally contacted me. She has a $90,000 debt on the property and she pretty much just want to give it away. As long as i can take over the debt. How do i go about doing this with bad credit? Is their a way the deed can put into my name, I take over the property and pay off the debt while debt is still in sellers name? If so, what is this strategy called?