2d • General
walking a mortgage
i just finished a 2-day workshop with pete fortunato where he taught some sophisticated real estate concepts pertaining to real property and notes.
he did transactions where he "walked" notes from one property to another. it sounded something like the portable mortgage the govt is considering.
i have a book from the class, so I'll have to review the paperwork for this transaction to try to understand how he made it work.
but has anyone ever heard of (or did) this before?
In sum, he moved a mortgage from one house to another to continue paying the same note even though it was associated with different properties.
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walking a mortgage
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