New mortgage scam to rip off sellers? HMLAP?Some Home buyer "pro" on the selling board is selling something that sounds like an outright "scam" to me to rip off sellers... Called HMLAP. From the description, it is similar to assuming a loan, but the guy claims it can be done for any loan, for any amount, even if negative equity, for any buyer regardless of credit rating.And he states it only transfers ownership of the property and assigns "loan payments". No mention of change of liability for the one who signed the note.I think the thread needs some input from some qualified loan officers. And if I'm interpreting it wrong, I would like a clarification of how this could possibly work to the seller's benefit, and how the buyer could possibly qualify without qualifying, and why a buyer would want to assume payments on an underwater asset.Sell a Home WITH its Mortgage! well, apparently that thread was deleted by Zillow, but the guy posted a second with the same title and content (but without my response)...Sell Your Home WITH its Mortgage!February 16 2011 - US11YesReport 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.