hello,
my name peter i have an opportunity to purchase a home in new jersey with owner financing. how does it work with the current owner has an existing mortgage on the home but is not paying it?
Asked on 6/03/15, 9:36 am
1 Answer from Attorneys
John Davidson
Law Office of John A. Davidson
Peter,
Run! Say you by the house. Y9ou make payments to owner but he just keeps the money. The the original mortgage holder forecloses and you have no house and you money is gone. So don't do it.
{John}
Answered on 6/03/15, 9:42 am
