Does anybody have any experience with having the lienholder assign a mortgage to the investor and having the seller sign a quit claim deed? The seller could then theoretically satisfy the newly assigned mortgage for a dollar couldn’t they?
I bring this up because in my negotiations with Household Finance, they seemed open to assigning the mortgage to my investor. I can’t decided if this is purely semantics and accompllishes the same thing as a ss or if their is a difference.
Paul