Posts Tagged ‘possible’

My mortgage is overdue and I’d like to have my daughter assume it is that possible?

Friday, July 22nd, 2011

Question by Artie: My mortgage is overdue and I’d like to have my daughter assume it is that possible? She can’t come up with 10 percent downpayment and I’d like to keep the house in the family. She is able to make the payments and after reading my mortgage it doesn’t appear to be assumable. [...]

If you assume the mortgage on a house is it possible for the previous owners to take back the house?

Thursday, May 7th, 2009

We recently assumed the mortage on my grandmothers house in October and have been paying everything since, but now my aunt who is executor of the estate is saying she thinks she made a mistake. Please note, we legally assumed the mortgage through the mortgage company. Should we worry about my aunt?