Question by Mary Jean W: transfer of propeerty?
i sold my property to CP2.ORG.LLC my house was in forclosure and i was told that it was an assumable note. now i get a letter from the original lender saying that it was not assumable, and that they want me to buy the house back or pay off thr mortgage. they assumed the note the house belongs to them not me i dont want the house. we went to plantium land title in fort myers

Best answer:

Answer by Renee
You need to call the lawyer or title company that closed your loan and i recommend you get a lawyer.

What do you think? Answer below!

Question by Sam: Take Over Payment – Plan… is it a scam?
Alright I know I read few answers already about this subject and seems everyone agreed its a scam.. but after re-reading them they all refered to “taking over mortgage” which yes assumable motgages are extinct now… however… the program calls for taking over the payment, not the mortgage, however the home owner will transfer the DEED to your name, and you make the payment directly to the Bank NOT THE owner…ofcourse, owners do that to get out of their loan, maybe an adjustible crappy loan, or a house worth less than loan value.. but for t sake of argument, lets say I find a home owner that bought the house a year or so ago, so the loan value to current home value is the same or maybe 10,000$ equity or so you got what I mean, and the owner is on a fixed mortgage (or a 5 yr arm), and they are couple months behind and they WANT to get out of the house.. Can I come in, bring the loan current (by either paying the past dues or negotiating with the bank to spread the past due into the upcoming months or so..) having the owner transfer the deed to my name, and start making the payments on the house while Living there ofcourse, say for a year or less until I qualify for a loan (i will be able to qualify in a year or so), I can transfer the mortgate to my name..?? Does the “mortgage owner” have any interest in the house? after say a year, the value of the house goes up (assuming ofcourse) can the owner come in and tell bah bye the loan is current an we want the house back even though the deed is in my name?

Again alot of “IFs” but is this do-able? In reality? Thanks…

Best answer:

Answer by machine1164
In a situation like this you really need a lawyer otherwise you could get screwed…

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