My brother is in a bit of trouble with his mortgage company. He has an ARM that has gone from 5.9% to 9.9% in 7 months! So Im going to buy the house (with cash) and allow him to continue living in it and just pay me a more affordable payment. I've received the payoff amount so Im assuming I just wire the funds? At least, this is what his mortgage company told me to do. Then they said that it would take 14-17 days for "a refund"?? I don't understand that one, but anyway, They said that then they would send the payoff info to the county stating that there is no longer a lien on the property. So, how do I get this into my name without spending thousands on a title and escrow company or an agent??
2007-04-18
10:48:19
·
5 answers
·
asked by
panthrchic
4