Assuming a loan

[Jen Hoang]

My aunt owns a property. She has a mortgage and second loan and she is struggling to cover the taxes and insurance. She doesn't work so can't refinance.  She is not underwater, but she doesn't want to sell as she wouldn't have a place to live that would be cheaper. If I can assume the loan and refinance it would that be better than she selling it to me for what she owes? The deal would be that she continues to live there for the rest of her life and have less expenses. I would appreciate some guidance so I can help her out and have a win win situation.

[Jojo Joy]

I would suggest you shop around for a good title company who has experience doing this. A good real estate attorney would suffice as well.

Ultimately the banks wouldn't care where the payments are coming from until do.