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Personal Finance and Investing

FBaggins

(27,923 posts)

7. Both are possible depending on what "condition issues" means

Reply to bucolic_frolic (Reply #4)

Wed Mar 30, 2022, 05:56 PM

Mar 2022

It might just reduce the value of the home (and thus the amount that can be borrowed against it)... but it might also be serious enough to keep the home from getting a Certificate of Occupancy - which absolutely can harm your chances of getting financing. Not absolutely prevent... but significantly impair.

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Assumption of a mortgage by an heir after a death? [View all] moriah Mar 2022 OP

Another lawyer isnt going to do you any good. padfun Mar 2022 #1

See, I'm confused... moriah Mar 2022 #5

Your sister is entitled to 1/2 the equity in the house forthemiddle Mar 2022 #11

She's said she's in no hurry to sell, particularly because I am living here. moriah Mar 2022 #13

Back in the early 90's.. I took real estate classes padfun Mar 2022 #2

Miss, Mr., or Mrs. real estate bucolic_frolic Mar 2022 #4

Any mortgage loan is dependent on the appraisal. padfun Mar 2022 #6

Thank you bucolic_frolic Mar 2022 #9

That varies state to state padfun Mar 2022 #15

Both are possible depending on what "condition issues" means FBaggins Mar 2022 #7

Don't know much about that bucolic_frolic Mar 2022 #3

I meant myself and the renter. moriah Mar 2022 #8

Really two issues FBaggins Mar 2022 #10

Thanks for confiirming. moriah Mar 2022 #17

I am not an attorney but it sounds like you *can* assume a mortgage... dixiechiken1 Mar 2022 #12

Thanks... very much. This was what I thought was the case. moriah Mar 2022 #14

Excellent analysis and info. elleng Mar 2022 #16