Non-Qualifying Assumables

hawkseye profile photo

Does any one know of any way that I can obtain a listing of non-qualifying assumables in any area?

Comments(3)

  • lildell4th August, 2003

    thats a task. good luck

  • MrsMeltzer4th August, 2003

    I don't personally know of any list, but here's an idea.

    First of all, you can find out which mortgage companies do non-qualifying assumables.

    Then, look through the courthouse records of ALL mortages made by that mortgage company. I don't believe there is any way to differentiate.

    It'll be alot of work, but your might be able to come up with a list.

    From that list, contact the owners and see if their mortgage is non-qualifying assumable.

    The other option, is to look at the ads of homes for sale. Call each ad and ask if their home is non-qualifying assumable. From that you will get a list of

    A. People who want to sell their home
    AND
    B. People who have non-qualifying assumable loans.

    Hope This Helps!

    Mrs. Meltzer

  • JohnLocke4th August, 2003

    hawkseye,

    Glad to meet you.

    I have listed all the non qualifying assumable loans below.




    Welcome on board this board, my point is that if they are assumable they would have so much equity that you would be better off doing the deal conventionally. The fully assumable non qual loans left us around 1988.

    John $Cash$ Locke

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