All Forum Posts by: Adebola Adetunji

I was on a routine walk and noticed a dumbster placed in front of a house. I walked to the house and met a man who says he was cleaning out due to the loss of their mother in some few weeks back.

The guy told me she is left with 12 years mortgage on the property to pay the bank. The mortgage is $1400 and the house is worth $250k.

I did tell him if it is okay for him,I could take up the mortgage and he says he would get back to me as he also as a brother and uncles to talk with.

The house is close to my work place as well.

Please, does anyone has a thought on this?

Thank you all

Assuming the mortgage might be possible. You would have to check the loan terms. And before getting too far along in the process it might be worth doing a title search to check on any potential liens on the property. Maybe run this by your real estate attorney before moving forward.

Thank you for your advice-appreciate it!

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Quote from @Jules Aton:

It could be a nice opportunity however I would be certain they will want you to make up the difference between $250,000 and whatever is left on the mortgage which btw in my opinion should be done with lender's knowledge and approval.

Thank you for your advice-appreciate it!

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Hi folks,

I was on a routine walk and noticed a dumbster placed in front of a house. I walked to the house and met a man who says he was cleaning out due to the loss of their mother in some few weeks back.

The guy told me she is left with 12 years mortgage on the property to pay the bank. The mortgage is $1400 and the house is worth $250k.

I did tell him if it is okay for him,I could take up the mortgage and he says he would get back to me as he also as a brother and uncles to talk with.

The house is close to my work place as well.

Please, does anyone has a thought on this?

Thank you all

0 Votes

All Forum Posts by: Adebola Adetunji

Adebola Adetunji has started 1 posts and replied 4 times.

Post: 12 years Mortgage left on a deceased Property-I intend buying!

Post: 12 years Mortgage left on a deceased Property-I intend buying!

Post: 12 years Mortgage left on a deceased Property-I intend buying!

Post: 12 years Mortgage left on a deceased Property-I intend buying!