New Member
Posts: 9
Registered: ‎05-25-2012
Re: Is this a realistic option?

I have just encountered a short sale situation where the seller (borrower) had NO late payments, did the short sale, and qualifed for a new home loan almost immediately.  

That said, almost no loans are assumable these days.  You could, however, pay your mom directly.  She could add you to the home's title.   You could also do a 'wrap" or "all inclusive trust deed" and leave the loan in place (again, you pay your mom and she pays the bank mortgage).