Mortgage Know-How :: SIMPLE ASSUMPTION OF A LOAN Author: AnonymousSubject: SIMPLE ASSUMPTION OF A LOAN Posted: Sat Nov 12, 2005 11:33 am (GMT -8) Topic Replies: 1 yes, can u tell me more about simple assumptions and what does it mean transfer with no release of liability? my parents made a mortgage for me to buy a home 4 years ago. i paid the notes. they have passed away and the property and double wide home was willed to me. we done a assumption of the loan with our morgage comp. and lawyer 4 months ago. my main concern right now someone told me that this will not go on my credit. the loan co. says it is only in my name that my parents names have been removed. can you tell me anything about this.I am tring to rebuild my credit and i feel having a mortgage and keeping the payments up will help improve it. is there something i can do? any information would be helful. thank you For the full story see: http://www.mortgagefit.com/discuss/simple-assumption.html This item has been viewed 179 times. |
CassieNet News Homepage © CassieNet & Worfolk Online. All rights reserved. |