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Campfire Regular
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OP
Campfire Regular
Joined: Jul 2001
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We were hoping to buy a for sale by owner home that has an assumable FHA mortgage but the sellers told us today that they have decided to list their home with a realtor. They think they can get more for their place by using a realtor and they think the entire process will be quicker if they do not allow their mortgage to be assumed.
My question is can they refuse to allow a buyer to assume their mortgage?
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Joined: Dec 2013
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2013
Posts: 44,644 Likes: 21 |
We were hoping to buy a for sale by owner home that has an assumable FHA mortgage but the sellers told us today that they have decided to list their home with a realtor. They think they can get more for their place by using a realtor and they think the entire process will be quicker if they do not allow their mortgage to be assumed.
My question is can they refuse to allow a buyer to assume their mortgage? Short answer: Yes.
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
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Campfire Ranger
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Campfire Ranger
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Sure they can. It’s a free market as it should be.
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Campfire Ranger
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Campfire Ranger
Joined: Dec 2013
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We were hoping to buy a for sale by owner home that has an assumable FHA mortgage but the sellers told us today that they have decided to list their home with a realtor. They think they can get more for their place by using a realtor and they think the entire process will be quicker if they do not allow their mortgage to be assumed.
My question is can they refuse to allow a buyer to assume their mortgage? Are you really this fugking stupid?
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Campfire Outfitter
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Campfire Outfitter
Joined: Nov 2008
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We were hoping to buy a for sale by owner home that has an assumable FHA mortgage but the sellers told us today that they have decided to list their home with a realtor. They think they can get more for their place by using a realtor and they think the entire process will be quicker if they do not allow their mortgage to be assumed.
My question is can they refuse to allow a buyer to assume their mortgage? Will it be quicker, absolutely Can they refuse, absolutely
Swifty
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Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2006
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We were hoping to buy a for sale by owner home that has an assumable FHA mortgage but the sellers told us today that they have decided to list their home with a realtor. They think they can get more for their place by using a realtor and they think the entire process will be quicker if they do not allow their mortgage to be assumed.
My question is can they refuse to allow a buyer to assume their mortgage? Are you really this fugking stupid? Not everyone is a real estate expert. It's a legitimate question. The reply just shows who the stupid one is.
“In a time of deceit telling the truth is a revolutionary act.”
― George Orwell
It's not over when you lose. It's over when you quit.
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2013
Posts: 44,644 Likes: 21 |
We were hoping to buy a for sale by owner home that has an assumable FHA mortgage but the sellers told us today that they have decided to list their home with a realtor. They think they can get more for their place by using a realtor and they think the entire process will be quicker if they do not allow their mortgage to be assumed.
My question is can they refuse to allow a buyer to assume their mortgage? Are you really this fugking stupid? Not everyone is a real estate expert. It's a legitimate question. The reply just shows who the stupid one is. Not really. It takes time and some work to learn how to do it with no problems. Most people don't want to invest the time or the work. Hence, the question. Lots of people want somebody who has spent the time and effort to know how to do it to pour their brain out on a table for free.
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
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Campfire Outfitter
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Banks and lending institutions loan money to people to buy a house. The house is collateral that the payments are made. Hence the vetting procedure to borrow the money. They don't make money when you default. Assumable part is pretty.much bullchit. If the bank don"t think you can make the payments because of your current debt load they don't loan the money . You either pay cash.or deal with a mortgage period.
Last edited by Magnum_Bob; 11/16/23.
" Cheapest velocity in the world comes from a long barrel and I sure do like them. MB "
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Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2006
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We were hoping to buy a for sale by owner home that has an assumable FHA mortgage but the sellers told us today that they have decided to list their home with a realtor. They think they can get more for their place by using a realtor and they think the entire process will be quicker if they do not allow their mortgage to be assumed.
My question is can they refuse to allow a buyer to assume their mortgage? Are you really this fugking stupid? Not everyone is a real estate expert. It's a legitimate question. The reply just shows who the stupid one is. Not really. It takes time and some work to learn how to do it with no problems. Most people don't want to invest the time or the work. Hence, the question. Lots of people want somebody who has spent the time and effort to know how to do it to pour their brain out on a table for free. So why didn't you say that? You just stupidly threw out a gross insult with no explanation. Most guys will accept your explanation but a flat out insult is unneeded and takes away from the Fire.
“In a time of deceit telling the truth is a revolutionary act.”
― George Orwell
It's not over when you lose. It's over when you quit.
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Campfire Ranger
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Campfire Ranger
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Because it was a stupid fugking question?
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Joined: Dec 2013
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Campfire Ranger
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Campfire Ranger
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You have to ask whether someone has the choice to sell you something or not?
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Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2006
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Because it was a stupid fugking question? Thank you for making my case so nicely. You are incapable of any kind of reasonable answer so you just throw out insults. That's the attitude that's turning the Fire into a cesspool.
“In a time of deceit telling the truth is a revolutionary act.”
― George Orwell
It's not over when you lose. It's over when you quit.
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Campfire Ranger
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Campfire Ranger
Joined: Dec 2013
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Because it was a stupid fugking question? Thank you for making my case so nicely. You are incapable of any kind of reasonable answer so you just throw out insults. That's the attitude that's turning the Fire into a cesspool. So you think it’s reasonable for someone to ask whether someone can refuse to sell you their home because they feel they can make more by selling it to someone else? I don’t.
Last edited by jackmountain; 11/16/23.
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Campfire Regular
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Campfire Regular
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We were hoping to buy a for sale by owner home that has an assumable FHA mortgage but the sellers told us today that they have decided to list their home with a realtor. They think they can get more for their place by using a realtor and they think the entire process will be quicker if they do not allow their mortgage to be assumed.
My question is can they refuse to allow a buyer to assume their mortgage? Are you really this fugking stupid? Not everyone is a real estate expert. It's a legitimate question. The reply just shows who the stupid one is. Not really. It takes time and some work to learn how to do it with no problems. Most people don't want to invest the time or the work. Hence, the question. Lots of people want somebody who has spent the time and effort to know how to do it to pour their brain out on a table for free. So why didn't you say that? You just stupidly threw out a gross insult with no explanation. Most guys will accept your explanation but a flat out insult is unneeded and takes away from the Fire. I must have missed where he made a gross insult.
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Campfire Tracker
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Campfire Tracker
Joined: Sep 2010
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Just goes to prove this is no place to ask for any advice or ask a serious question.
Medics bury their mistakes..
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2013
Posts: 44,644 Likes: 21 |
We were hoping to buy a for sale by owner home that has an assumable FHA mortgage but the sellers told us today that they have decided to list their home with a realtor. They think they can get more for their place by using a realtor and they think the entire process will be quicker if they do not allow their mortgage to be assumed.
My question is can they refuse to allow a buyer to assume their mortgage? Are you really this fugking stupid? Not everyone is a real estate expert. It's a legitimate question. The reply just shows who the stupid one is. Not really. It takes time and some work to learn how to do it with no problems. Most people don't want to invest the time or the work. Hence, the question. Lots of people want somebody who has spent the time and effort to know how to do it to pour their brain out on a table for free. So why didn't you say that? You just stupidly threw out a gross insult with no explanation. Most guys will accept your explanation but a flat out insult is unneeded and takes away from the Fire. I gave him an answer. Maybe you didn't/couldn't read it. jackmountain also gave him an answer. Maybe you should read it, also. You are the only one throwing insults, genius.
Last edited by local_dirt; 11/16/23.
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
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Campfire Regular
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Campfire Regular
Joined: Aug 2022
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Do you have a signed purchase agreement?
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2013
Posts: 44,644 Likes: 21 |
Do you have a signed purchase agreement? Good point.
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
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Campfire Tracker
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Campfire Tracker
Joined: Mar 2020
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Yes they can, and I would too. The FHA loans process is a pain in the ass, and much slower than Fannie Mae.
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Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 24,332 Likes: 15 |
We were hoping to buy a for sale by owner home that has an assumable FHA mortgage but the sellers told us today that they have decided to list their home with a realtor. They think they can get more for their place by using a realtor and they think the entire process will be quicker if they do not allow their mortgage to be assumed.
My question is can they refuse to allow a buyer to assume their mortgage? Offer him more money if you didn’t sign a contract Pretty simple solution
Last edited by ribka; 11/16/23.
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