Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: 1010RD

Years ago I worked in the mortgage loan assumption department of a bank. Assumption as in someone buys your house and assumes the burden of your mortgage loan.

I saw many a heartbroken young couple lose their nest egg in one of these agreements and then the seller just went out and sold the same house again.


47 posted on 09/22/2012 1:39:51 PM PDT by donna (Chick-news: They report on what they love (Obama and movie stars and themselves).)
[ Post Reply | Private Reply | To 44 | View Replies ]


To: donna
Well ain't that heartbreakin!

Young couple gets in over their head...someone else gets their house because they can't make the payment...

Business is not charity. If you can't afford a house...don't but it.

Boo-fricken-HOO.

You need to sign in a Democraticunderground.com...they love you bleeding heart liberals.

51 posted on 09/22/2012 6:13:02 PM PDT by RoosterRedux (Obama: "If you've got a business -- you didn't build that. Somebody else made that happen.")
[ Post Reply | Private Reply | To 47 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson