Legal Question in Real Estate Law in Texas
Taking Over Payment
What paperwork must I file with a mortgage company to take over payments from the current buyer?
Asked on 3/28/07, 5:30 pm
1 Answer from Attorneys
Re: Taking Over Payment
It depends on the kind of mortgage that the seller had. If the mortgage is assumable, then you would need to file for an assumption. You should also obtain a title policy from a title insurance company.
Answered on 3/31/07, 11:16 am