Can I as-sum the second mortgage,on the property I live in and get the person off the note?

CHARLES T asked:


My business partner need out and asuming the first mortage with no problem, and take him off note, can I asum the second.

Alan

Tags: Business Partner, Live Person, Second Mortgage

This entry was posted on Friday, July 24th, 2009 at 9:09 am and is filed under Mortgage. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “Can I as-sum the second mortgage,on the property I live in and get the person off the note?”

1. frak1a12345 Says:
   July 25th, 2009 at 6:46 am

   Javier

   No. The note has to be paid off and reissued in your name only.

2. estielmo Says:
   July 28th, 2009 at 1:18 pm

   Karen

   The bank has to do that and you will have to satisfy their criterea. Simply ask.