Yes, it is legal to take over payments on a non-assumable loan.
This strategy is gaining in acceptance. We sign a legally
binding agreement guarantying to make your payments. This method
can be structured to avoid violating the 'due on sale' clause of
your mortgage.
We specialize in helping people avoid foreclosure and
bankruptcy. If bankruptcy proceedings have begun, our
transaction can be approved by the Trustee. If the foreclosure
process has started, we can close quickly when speed is of the
essence. With your cooperation, even liens and tax judgments
can be addressed.*
*Note: After the sale you cannot continue to reside in
the property. You are transferring ownership of the property to
someone else. |