Complicated Question

Comments(14)

• 
  InActive_Account13th August, 2005

  You already own the house. How could you buy it outright?
  Why in the world would you buy a house subto and not make sure the payments are made current? It is very possible that you can contact the bank and make up the back payments and resume the loan. Another option would be to refi and get the loan in your name, if you have enough time.

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  djmadmike13th August, 2005

  your absolutly right ...when i aquired the home they were up to date i gave them 3 months to leave...in that three month they would make the payments ...this is my first subject to..now i know either leave now or give me the payments to make....any how i will contact the bank and negotiate some options thanks

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  InActive_Account13th August, 2005

  You cannot....I repeat cannot, trust anyone.

• 
  commercialking13th August, 2005

  Thats not true, Kid. You can trust me. Just send over a large basket of small bills and .. . . . .

• 
  djmadmike14th August, 2005

  the gentlemans handshake thing is dead

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  InActive_Account14th August, 2005

  Refi and get a new loan.

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  djmadmike14th August, 2005

  refi and get a new loan with someone else or should i try to do something with the current company?

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  NewKidinTown215th August, 2005

  If the rate and terms are good on the note you took Subject To, why not just formally assume the loan. Maybe the lender will add the arrearages to the current loan balance. An assumption is usually a lot cheaper than getting a new loan.

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  bgrossnickle15th August, 2005

  Do any large lenders let somone else assume a loan? I have always assumed no.

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  djmadmike21st August, 2005

  the ball is rolling...brenda if i ask to find someto assume the loan where does that leave me? ...ive never heard of that.

• 
  jeff1200222nd August, 2005

  If you assume the loan, you qualify with the lender, and they convert the loan documents to show the loan as yours. Most lenders will do this as long as you qualify. (For a small fee of course)

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  InActive_Account23rd August, 2005

  have you assumed alot of loans jeff?

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  djmadmike23rd August, 2005

  i mesn i understsnd that but she mentioned find someone to assume the loan?

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  djmadmike23rd August, 2005

  this sounds right to me...im getting financing from somewhere else ...i didnt even consider using the same insitution