Foreclosure Downside
When a home is in pre-foreclosure and the option to ‘take over’, what does that mean?
Im looking to rent but have seen lots of ads on craigslist that say take over payments,rent to own, property is in preforeclosure save owners credit etc and they charge a fee for the listings.Im wondering is this for real and legal, Can you just go in and get a house as easy as it sounds what is the downside from doing this?
Those are scams, it is not possible to take over another persons mortgage.
You can pay their mortgage, but ownership will not be conveyed, nor the tax credit for the payments.
IAN WATT The Downside of selling Court Ordered Sale Foreclosures.wmv
