We were falling behind on our mortgage when we contacted House Buyer Network. Not only did they help us sell our property, but it was sold quickly and with real class.
We were able to save our credit and walk away from the closing table with cash in our pockets. What a big relief! Thanks House Buyer Network.
–Timothy and Julie U.
Our Simple 3 Step Process
We know how big a decision buying and selling a house can be, and we pride ourselves on being able to offer creative solutions for people in any situation. For example, we’ve worked with Boston homeowners who needed to sell a house quickly due to reasons like job relocation, repairs you don't want to pay for, unwanted or inherited properties, and financial distress (including having trouble making house payments or facing job loss or divorce).
Benefits of Working With Us
Cash Offer
When you fill out the form or call us, we will get you a no-obligation cash offer.
Close Fast
In most situations we can close within a few weeks or less.
Easy Process
Our goal at House Buyer Network™ is to make the home-selling experience straight forward and stress free.
As-Is
Forget about making those costly repairs. We'll buy your home in it's current condition.
- Mortgage Issues
- Behind on Taxes
- Problem Tenants
- Title Issues
- Divorce
- Condemned Property
- Probate
- No Equity
- Expired Listing
- Pre-foreclosure
- Bankruptcy
- Retiring
- Fire Damage
- Code Violations
- Hoarders
- Downsizing
- Liquidating assets
- Disability
- Title Issues
- Liens
- Squatters
- Inherited
- Trouble Selling
- Ugly House
- Extensive Repairs
- Job Loss
- Relocation
- Medical Bills
- Legal Bills
- Judgements
Loan Assumption
A loan assumption is identical to the subject to transaction with the exception
that both the seller and buyer will both be liable for the mortgage payment.
The buyer will be primarily liable for the loan.
However, in the event of default, the seller could become liable if the buyer cannot satisfy the debt.
With a loan assumption, however, the seller may receive a “release of liability” from his lender,
which would waive him of all liability on the loan. The seller would then receive a
novation (new contract) from the lender making him solely liable for the loan balance.
A loan assumption with a release of liability gives the seller the most protection in this type of transaction.
See also: Land/Installment Contracts
Talk to our home buyers about selling your home >>
<< Back to the Glossary of Real Estate Terms