Owner Carry Question
Hi, I am in the process of assigning a contract. The owner will carry 8 months with 10k down. He has exsiting mortgage. Can I still do this through title. Can he carry note on top of current mortgage without it being a problem at title company. We will take home subject to his existing note and get a new loan after rehab. 60 to 70 k equity when done. Have to write this up before closing 2/15. Jim
Does the owner know that you are assigning the contract?
yes
Quote:
On 2005-02-02 10:01, bgrossnickle wrote:
Does the owner know that you are assigning the contract?
yes