Assuming a loan from nationwideWe bought a house in 2006 as a join venture with some relatives, one of which lived out the house, everyone was on title and gave a down payment, and paid monthly to a short fall on the rent (he lived their and paid the going rent of 1800.00) and the total house payment came to 2500 and so the difference was paid by all parties. at any they want to walk away, the are leading towards short sales, but of course that will be leaving the rest of us to lose our investment. They believe the house will never go back up. WE paid 450.00. At the time my uncle own it, and the houses were going for 550, and since my mom his sister were going to live there too, he reduce it to 450,000 then everything crashed. That is the 90715 area code. Now my husband and I own another properties in 90805 area, so we know if you hang in there long enough you can get your money back and then some. Sorry for getting side track, The lender is nationwide, does nationwide allow people to assume loans, now I heard a bad thing about assuming loans, is the paying of cash to the owner, for the equity, but in this case there is no equity. I don't think we could assume the loan, as we have some bad marks due to hospital bills , but was looking to reach out to the third partner to see if they would do t his if it is possible. YOUR THOUGHTS?September 16 2013 - Lakewood00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.