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Real Estate & Property Law

: The Home Equity Theft Reporter

A Cautionary Tale On Assumed Mortgages

By r morris

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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

Full post as published by The Home Equity Theft Reporter on September 28, 2009 (boomark / email).

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