Mortgage payment assignment.
When a homeowner sells us their home using a mortgage payment assignment, they are assigning us their mortgage at the time of purchase.
will all remain the same. In essence – we are taking over the mortgage payments.
The advantage of selling through a mortgage payment assignment is that the property can sell almost immediately, with no money out-of-pocket from the homeowner. As opposed to a traditional listing that can take months to complete and cost tens of thousands of dollars in commissions and closing costs.
It is an excellent option for those facing foreclosure, are underwater on their mortgage, or have little to no equity in their house.
unlike a short sale, a mortgage assignment sale will not hurt your credit score. Quite the contrary – When the loan is re-established and the payments are once again made on time, the homeowner’s credit score will reflect that a positive light.
Selling a property through a mortgage payment assignment can be risky. This is because the seller’s name remains on the mortgage until we refinance the loan, pay it off completely, or resell the property. Although not appropriate for most people, a mortgage payment assignment is a good alternative to a short sale or a foreclosure.
I tried many times to sell my house with traditional Realtors and none of them had the professionalism, expertise, and knowledge that your team has. Am I glad I found you!