Back to Results
i want to sell my house, this person is offering to take over property, he will make house payments,insurance paymnets, and even give me some money, he said that it will take avout 3-5 years of payments under his name to be able to refinance and take me out of loan, he wants tittle to the property, any advice will help a lot, dont want to get scamned. thanks
Please enter a valid email address.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Please enter text in the "Enter the text to display" field.
Please enter text in the "Enter URL" field.
Please enter a valid URL.
Please insert a video embed only
He should be able to qualify in two-years maximum. Even if he filed bankruptcy or has a foreclosure. He could potentially refinance it in as little as 12-months.If he is willing to pay you directly for the house, insurance, and an additional fee, then that is a possibility-- but relying on anyone to make these payments for you-- that's dangerous and could result in his not paying it or paying late-- and affecting YOUR credit.Also, signing over title could affect YOUR mortgage! Beware. Your lender could "call your note" and you would have 30-days to pay it off.
You need to hire a Real Estate Broker or an Attorney if you are considering this seriously. If you tell the buyer that you want him to discuss it with your attorney, see if he is scared away. The Buyer should also be willing to allow you to run a credit check and a background/criminal check. If not, RUN!
Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.