Comments on: Is it possible to take over payments of a house in foreclosure then buy it after a few months? http://www.fn-live.com/is-it-possible-to-take-over-payments-of-a-house-in-foreclosure-then-buy-it-after-a-few-months.html Loan and Financial Info Mon, 01 Feb 2010 15:06:52 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: budhah1 http://www.fn-live.com/is-it-possible-to-take-over-payments-of-a-house-in-foreclosure-then-buy-it-after-a-few-months.html/comment-page-1#comment-2802 budhah1 Tue, 29 Dec 2009 22:37:57 +0000 http://www.fn-live.com/is-it-possible-to-take-over-payments-of-a-house-in-foreclosure-then-buy-it-after-a-few-months.html#comment-2802 Here is how that works,,,, John Doe is late on payments and gets his bank notice.. It is listed in the paper, ... You contact John Doe and offer to buy his place and will make up the late payments and fees.. thus taking it out of foreclosure, You then go to a bank and get a new loan on the place.. Maybe you can get one assumed, but depends on the mortgage company or bank... The one that says only FHA loans are assumable is wrong, as I have taken over more than a few in my time... None were FHA.. all were thru a bank. Here is how that works,,,, John Doe is late on payments and gets his bank notice.. It is listed in the paper, …

You contact John Doe and offer to buy his place and will make up the late payments and fees.. thus taking it out of foreclosure,

You then go to a bank and get a new loan on the place.. Maybe you can get one assumed, but depends on the mortgage company or bank…

The one that says only FHA loans are assumable is wrong, as I have taken over more than a few in my time… None were FHA.. all were thru a bank.

]]> By: FRANK R http://www.fn-live.com/is-it-possible-to-take-over-payments-of-a-house-in-foreclosure-then-buy-it-after-a-few-months.html/comment-page-1#comment-2801 FRANK R Mon, 28 Dec 2009 12:14:47 +0000 http://www.fn-live.com/is-it-possible-to-take-over-payments-of-a-house-in-foreclosure-then-buy-it-after-a-few-months.html#comment-2801 This is a major rip off. The lender has to go throught the regular foreclosure process. I am former Recorder of Deeds at the court house. This is a major rip off. The lender has to go throught the regular foreclosure process. I am former Recorder of Deeds at the court house.

]]> By: RE its what i do http://www.fn-live.com/is-it-possible-to-take-over-payments-of-a-house-in-foreclosure-then-buy-it-after-a-few-months.html/comment-page-1#comment-2800 RE its what i do Sun, 27 Dec 2009 06:36:32 +0000 http://www.fn-live.com/is-it-possible-to-take-over-payments-of-a-house-in-foreclosure-then-buy-it-after-a-few-months.html#comment-2800 Hi JJ, This would only be true if the homes are financed through the FHA, these loans are assumable - check with your title co. or closing attorney to find out how to do this. I would suggest that you not pay a website for this info, depending on where you live and how many there are they might be listed in your local paper, a little research on your part might fo a long way and save you some cash. Hi JJ,
This would only be true if the homes are financed through the FHA, these loans are assumable – check with your title co. or closing attorney to find out how to do this. I would suggest that you not pay a website for this info, depending on where you live and how many there are they might be listed in your local paper, a little research on your part might fo a long way and save you some cash.

]]> By: MABE http://www.fn-live.com/is-it-possible-to-take-over-payments-of-a-house-in-foreclosure-then-buy-it-after-a-few-months.html/comment-page-1#comment-2799 MABE Sat, 26 Dec 2009 05:51:10 +0000 http://www.fn-live.com/is-it-possible-to-take-over-payments-of-a-house-in-foreclosure-then-buy-it-after-a-few-months.html#comment-2799 wow I dont know but I just asked a question regarding how to stay out of foreclosure. My arm is going to adjust in Nov '08 and we may need an investor for our home so we can stay in it and rent it! Where do you live??? Im in MI please email me if you can. wow I dont know but I just asked a question regarding how to stay out of foreclosure. My arm is going to adjust in Nov ‘08 and we may need an investor for our home so we can stay in it and rent it! Where do you live??? Im in MI please email me if you can.

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