Posted on: 23rd Jul, 2013 01:13 am
Well, I am looking forward to sell off my home. I got a reply from a buyer saying that they are considering taking over our financing. What does this mean? Will it be a good idea?
Well, it may mean that the buyer may assume or refinance the loan. But in order to be on the safe side and avoid any kind of scam, you should meet the buyer face to face and clarify the matter.
Welcome Ruby,
I agree with Niicss. It should also be noted here if you decide to go with that buyer, then you should take help of an attorney and draft the terms and conditions of the deal.
I agree with Niicss. It should also be noted here if you decide to go with that buyer, then you should take help of an attorney and draft the terms and conditions of the deal.
Why don't you sit face to face with the buyer? This will certainly be the best way out.