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Aug 2nd, 2008, 10:39 AM
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Paying someone elses mortgage FL
May I ask about a situation in Florida? Is it legal for someone to take title of a house and just take over the payments of the mortgage that is in place at the time? If so, is it legal for that person to then sell the property in a lease-option to buy? Then, if the person who holds the title and is paying the last homeowners mortgage (that is still in the last homeowners name) stops paying that mortgage and the home goes into foreclosure - what are the legal ramifications of that?
I hope I made myself clear...thanks for the info. |
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