What is the term for a Seller adding the Buyer to the mortgage…?
January 28th, 2010 by Lenny
We have the option to be added to the sellers mortgage, then the seller intends to drop off the mortgage in a year or two, leaving us with the full responsibility of the property.. We do not know the name of this real estate transaction! It is not an assumable mortgage, that is another option for us though.
Related posts:
- (Buying Real Estate) Questions To Ask Over The Phone
- What can a real estate agent and broker require you to sign in a real estate deal?
- Can a first time buyer co-sign on a mortgage without losing their first time buyer status?
- First Time Home Buyer Program 2 - Tax Credit & FHA Mortgage Loan Mar09 - Median Income Family
- What is expected to happen to short-term interest rates and long-term interest rates during the next year?
Tags: 
land installment contract???? sounds like you will pay the seller for the first year and then refi to take them off? they can’t just drop off the mortgage