Profile picture for stilen

Deeds?

found a post-forecloser property that has no leans and is caught up with the payments, but the seller will stop making payments next month as she is moving and doesn't have time to sell the house, she says she has a FHA "assumable" loan. thinking to myself i am wonder what would be some pro's and cons of a Warrenty deed? are there any more beneficial deeds? what would happen to the loan if she just signed over the title? and would it be possible for the seller to co-sign on the loan-to-be-assumed? thank you!
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April 15 2011 - US
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Answers (2)

Profile picture for stilen
"found a PRE-foreclosure* property" thank you

what is the difference of a warranty deed and a special warranty deed?
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April 15 2011
"post" or "pre"-foreclosure?

It will be a special warranty deed but you had better contact a real estate attorney.

Good luck, hope this helps.
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April 15 2011
 
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