Does anyone know how to find someone to assume a mortgage. This is a summary of my situation: I owe $700K on my mortgage. I am current but am unable to keep paying the mortgage b/c I am not wokring. It is a 2 family and the tenants do not cover the mortgage. I have an offer for a short sale for 685K but would prefer for someone to assume the mortage so I don't take a hit on my credit and have income reported on my 1099. The house is in NJ and is a new construction. Oh and one more question, I was told the lender pays the broker commission in a short sale but does the lender take the commission off the sale price and consider that additional deficiency from the loan? Thanks for any assistance you can offer!