A Cautionary Tale On Assumed Mortgages
Ever wonder what the risks are of selling your home in a deal that allows the buyer to take over the payments on your existing mortgage?
A Philadelphia Inquirer opinion columnist and editorial page editor recently detailed a personal situation involving a mortgage he had on a home that he sold back in 1994 that came back to bite him some 15 years later.
For the story, see A cautionary tale about assumed mortgages (Or, Why Americans get so angry when there's a bank in the mix).
A Philadelphia Inquirer opinion columnist and editorial page editor recently detailed a personal situation involving a mortgage he had on a home that he sold back in 1994 that came back to bite him some 15 years later.
For the story, see A cautionary tale about assumed mortgages (Or, Why Americans get so angry when there's a bank in the mix).
posted by Home Equity Theft Reporter at 4:01 AM
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