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assumption letter

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sarajaklyn Joined: 27 Jan 2011 Posts: 1 1.27 Dollars($)	Posted: Thu Jan 27, 2011 12:52 pm    Post subject: assumption letter Like 0 Dislike 0 how can i write an assumption letter to add my husband to my loan
jveenstra Community Expert Joined: 10 Nov 2008 Posts: 1310 Location: River Edge, New Jersey 274.62 Dollars($)	Posted: Thu Jan 27, 2011 1:38 pm    Post subject: Letter Like 0 Dislike 0 The current lender allows you to add someone to the current loan or they do not allow such a thing. There is no such thing as you writing a letter to add someone to a loan. Call the lender and ask if it can be done. If it can be done, they will orivide forms and tell you what you need to do. _________________ John Veenstra, Sr Mortgage Consultant Approved Funding Corp Licensed NJ NY CT PA 201-833-0123x278
James R. Wittstein Guest	Posted: Wed Mar 09, 2011 8:17 am    Post subject: letter of asumption Like 0 Dislike 0 Actually she can. He cannot be added to the lagal documents (mortgage), but can by letter of assumptipn, be obligated equally on the promissory note. We have done that. James R. Wittstein, Atty. (203) 334-4552
jveenstra Community Expert Joined: 10 Nov 2008 Posts: 1310 Location: River Edge, New Jersey 274.62 Dollars($)	Posted: Wed Mar 09, 2011 8:28 am    Post subject: Assumption Letter Like 0 Dislike 0 Thank you, Jim. By "no such thing as writing a letter", I meant to say that one just writing a letter does not cause it to happen (at least, I do not think it does) It has to be something accepted by the lender (I think). Certainly correct me if I am incorrect. I imagine one must contact the lender and ask what they want--any letter, a letter in their specific format...and if in fact they accept such a letter, which is why I suggest calling the lender and asking. If the lender accepts such a thing, it is simple. If they do not accept, I do not know if they can be forced to accept. _________________ John Veenstra, Sr Mortgage Consultant Approved Funding Corp Licensed NJ NY CT PA 201-833-0123x278

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