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How do I assume a loan for a house

  • August 14 2012 - Irmo
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Answers (4)

Profile picture for Ofe Polack
Contact a lender so that you can find out, first if the loan is assumable and then whether you qualify to purchase the property.  Assumable loans are only a good deal when the current interest rates are much higher than the interest rate on the mortgage, but the buyer still needs to qualify for the mortgage that they want to assume.
  • August 16 2012
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If there are no liens against the house, what are they foreclosing?
  • August 15 2012
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Profile picture for user2606203
well there are no liens against the house but foreclosure is threatened
  • August 15 2012
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well, you have to start by seeing if it even IS assumable.

It probably isn't
  • August 14 2012
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