Several homes available at below market pricing. Takeover the mortgage and they are yours. If interested in more info, call Bill at 678-581-1938.
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Meow
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After defending lawyers (not all, some
) earlier today, I saw this name and went 
. I will stop now. 
SoWal Insider
Several homes available at below market pricing. Takeover the mortgage and they are yours. If interested in more info, call Bill at 678-581-1938.
Bill,
Why would someone want to take over a $450,000 mortgage on a $275,000 condo?
.
SoWal Expert
Bill,
Why would someone want to take over a $450,000 mortgage on a $275,000 condo?
.
SoWal Insider
Several homes available at below market pricing. Takeover the mortgage and they are yours. If interested in more info, call Bill at 678-581-1938.
Hey!....Wait a minute--the owner's name wouldn't happen to be Liz
.
Beach Fanatic
Bill,The rest seem dispiriting as well.
Why would someone want to take over a $450,000 mortgage on a $275,000 condo?
.
Beach Fanatic
Did anyone call Bill?
Skunky
I googled the phone number, here is what popped up:
Shelley Elder (678) 581-1938 1558 Ridenour Pkwynw, Kennesaw, GA 30152
SHELLEY!!!!
Shelley Elder (678) 581-1938 1558 Ridenour Pkwynw, Kennesaw, GA 30152
SHELLEY!!!!
Darlene is my middle name, not my nickname
I googled the phone number, here is what popped up:
Shelley Elder (678) 581-1938 1558 Ridenour Pkwynw, Kennesaw, GA 30152
SHELLEY!!!!
:funn: :rofl:
SoWal Insider
I googled the phone number, here is what popped up:
Shelley Elder (678) 581-1938 1558 Ridenour Pkwynw, Kennesaw, GA 30152
SHELLEY!!!!
Oh Crap! I've been busted!Well, now that I have your attention...anyone want to throw their money down a rathole and buy up these mortgages? Liz said she'd throw in her rolex if you purchase two!
.
Beach Crab
[FONT=Verdana, Arial, Helvetica, sans-serif]"We have been pleased to work with Julie and Mike in the acquisition and sale of several homes in the Destin area. In each transaction Julie and Mike have distinguished themselves by professionalism and eagerness to assist with frequent requests. While other realtors regard extended assistance as favors; Julie and Mike regard such assistance as ?part of the job?.
- Bill and Shelley Elder
http://www.gonecoastal.com/meetus.htm
Google is great.
Hi Olive. Nice meeting you in Hot Lanta.
[/FONT]
- Bill and Shelley Elder
http://www.gonecoastal.com/meetus.htm
Google is great.
Hi Olive. Nice meeting you in Hot Lanta.
[/FONT]
SoWal Insider
[FONT=Verdana, Arial, Helvetica, sans-serif]"We have been pleased to work with Julie and Mike in the acquisition and sale of several homes in the Destin area. In each transaction Julie and Mike have distinguished themselves by professionalism and eagerness to assist with frequent requests. While other realtors regard extended assistance as favors; Julie and Mike regard such assistance as ?part of the job?.
- Bill and Shelley Elder
http://www.gonecoastal.com/meetus.htm
[/FONT]
Bill & Shelley may need a favor from Julie and Mike about now.
.
Beach Comber
Maybe, if you skip getting a new mortgage you do not need a new appraisal.... which may come in significatly lower!
SoWal Insider
Maybe, if you skip getting a new mortgage you do not need a new appraisal.... which may come in significatly lower!
Mango or Spin,
I thought the only "assumable" mortgages were on VA & FHA loans--and these loans aren't used by investulators. Don't most loans written in the last several years have a due-on-sale clause?
.
Beach Fanatic
Well, now that I have your attention...anyone want to throw their money down a rathole and buy up these mortgages? Liz said she'd throw in her rolex if you purchase two!
.
Sooooo busted. And you do not even live here. I"ll have to talk to Julie and ask her if she knows that your blogs are, so to say, less than supportive. ;-)
SoWal Insider
Sooooo busted. And you do not even live here. I"ll have to talk to Julie and ask her if she knows that your blogs are, so to say, less than supportive. ;-)
I'll have Liz open a can of Whoop-Arse on Julie in a New York second.
.
Meow
I'll have Liz open a can of Whoop-Arse on Julie in a New York second.
.
...Liz can knock you out with that ROLEX, or maybe even her ROLODEX!Beach Fanatic
Mango or Spin,
I thought the only "assumable" mortgages were on VA & FHA loans--and these loans aren't used by investulators. Don't most loans written in the last several years have a due-on-sale clause?
.
I don't do FHA or VA but I do not know of any 'assumable' mortgages at this time. Maybe Bill just wants someone to make the payments and he is willing to take a chance. If a check starts arriving from a different party every month, most lenders will not give it a second thought as long as the checks keep coming on time. Of course you never know.
SoWal Insider
I don't do FHA or VA but I do not know of any 'assumable' mortgages at this time. Maybe Bill just wants someone to make the payments and he is willing to take a chance. If a check starts arriving from a different party every month, most lenders will not give it a second thought as long as the checks keep coming on time. Of course you never know.
Or worse...it could be some sort of buy/lease where the new "homeower" will forward the check to Bill and hope that it makes it way to the lender.
What about it Bill? Shelley? Liz?
.
Edited
SoWal Insider
Mango or Spin,
I thought the only "assumable" mortgages were on VA & FHA loans--and these loans aren't used by investulators. Don't most loans written in the last several years have a due-on-sale clause?.
Shelly,
All mortgages have a due on sale clause.
Some Lenders offered and still do, variable rate mortgages that are assumable.
Not many people noticed it in the Notes when they closed on just plain short term vanilla ARMs.
For a fee, it varies, but usually no more than about $400 or so for underwriting and then recording fees, the buyer can assume the same terms as the seller of the original Note if they qualified and met debt ratios. The remaining principal balance of the sellers mortgage is the only portion that is assumable. An Assumption Agreement is recorded in lieu of a new Note and Mortgage along with the new deed with the name of the buyer.
So technically, you are still meeting due on sale clause provisions.
It depends on the interest rate environment whether they are popular.
I remember around 13 years ago they were being marketed by sellers as a benefit from buying from them, but never saw that many mortgages assumed due to the fact that not all buyers had enough money to make up the difference without getting an equity line of credit.
Chase, First Federal (now HSBC) were the big players. Lots of their ARMs still have assumable features.
Back to vacation.
Edited
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