How do we need to refinance a loan that is in the prior owner's name?My agent and prior owner's agent managed a deal that allowed us to move into a home by coming up with the agreed selling price and what was owed on the home. The ownere deeded the house to us, we have been making the payments and now we cna't get a loan for the amount owed due to dropping home prices and other issues. Both our agnets told us that we could simply assume the loan, but that is not the case and getting a new loan under these circumstances has been next to impossible. How can we do this?June 09 2011 - Altadena00YesReport 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.