Assuming Mortgage

I am fairly new to investing and was wondering if it is good to assume a mortgage from a distressed owner

Comments(1)

  • JohnLocke6th January, 2004

    jstrompainting,

    Glad to meet you.

    I think you will find that assumable mortgages are a very rare find these days. This is why creative real estate investing works so well when it comes to helping a distressed seller.

    If the deal makes sense then yes, you could get the deed to the property using a creative method without financing the property.

    John $Cash$ Locke

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