- Home
- /
- Videos
- /
- Regulations & Compliance
- /
- Can You REALLY Take Over Someone's Mortgage?
Can You REALLY Take Over Someone's Mortgage?
Summary
This video discusses the possibility of taking over someone else's mortgage, focusing on communication with lenders to explore options. It highlights that banks are in the business of lending, not owning real estate, and are often open to negotiation to avoid foreclosure. Buyers should speak with the seller's bank to explore this option, provide their personal information for underwriting, and be prepared for associated fees.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
Curated by Learn STR by GoStudioM



