Comments on: Are BANKS really allowing this with FORECLOSURE properties? http://creditdebtmanage.com/secured-homeowner-loans/are-banks-really-allowing-this-with-foreclosure-properties debt management, credit debt management Wed, 16 May 2012 01:54:36 +0000 hourly 1 http://wordpress.org/?v=3.0 By: loslunas87031 http://creditdebtmanage.com/secured-homeowner-loans/are-banks-really-allowing-this-with-foreclosure-properties/comment-page-1#comment-629 loslunas87031 Thu, 04 Mar 2010 14:02:01 +0000 #comment-629 there are hundreds of versions of the scam. Bottom line is to part a person with money. The biggest one is the application and option fee that they fish out of people but never are approved for the home. there are hundreds of versions of the scam. Bottom line is to part a person with money. The biggest one is the application and option fee that they fish out of people but never are approved for the home.

]]> By: godged http://creditdebtmanage.com/secured-homeowner-loans/are-banks-really-allowing-this-with-foreclosure-properties/comment-page-1#comment-628 godged Thu, 04 Mar 2010 14:01:59 +0000 #comment-628 I doubt it. Many home loans are not assumable. It is possible that the owner/investor will do some sort of financing where you make his payments, but what if he stops paying the lender? You are out without a house. There are plenty of schemes and shysters out there willing to help people part with their money. I doubt it. Many home loans are not assumable. It is possible that the owner/investor will do some sort of financing where you make his payments, but what if he stops paying the lender? You are out without a house.

There are plenty of schemes and shysters out there willing to help people part with their money.

]]> By: lbguzmann http://creditdebtmanage.com/secured-homeowner-loans/are-banks-really-allowing-this-with-foreclosure-properties/comment-page-1#comment-627 lbguzmann Thu, 04 Mar 2010 13:50:11 +0000 #comment-627 It depends on the loan in place. For example, some FHA loans are assumable. Most (If any) conventional are not. It depends on the loan in place. For example, some FHA loans are assumable. Most (If any) conventional are not.

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