First Attempt

If I make an offer to a seller stating that I will purchase. With the underlying mortgage staying intact until I successfully sell the property does the title transfer to my name or is this a ourchase/sale agreement until I pay off his mortgage. :-?

Comments(5)

  • cjmazur3rd June, 2004

    I would need some more details.

    What do you want to do w/ house until you sell?

    etc?

  • Younger3rd June, 2004

    Possibly rent or lease w/ option to buy.

  • Younger3rd June, 2004

    I would also pay piti and other maintnence.

  • cjmazur3rd June, 2004

    what are you looking for?

    I could see the following

    SS/Assumption
    L/O
    Just an Option
    sub2

  • Younger3rd June, 2004

    I ahve nothing to show. I am very new at this and was scamming one of books it suggest something like this as an offer. But can I sell the property if it is not in my name?

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