From time to time, The Devery Law Group is asked to comment on issues about real estate, mortgages and lending. In order to provide you with links to this information, we have included this page for you to read and use.
An assumable loan cannot be transferred to a new homeowner without approval from the lender. “This is so that people with poor credit don’t end up with a mortgage that normally would not be approved,” says Stefanie N. Devery, from the Devery Law Group in Mineola, N.Y.
She adds that when a buyer is looking to assume someone else’s mortgage, it may be because they cannot qualify to purchase a home the traditional way and may not qualify for the assumption either.
Read the entire article to get even more information
Nassau County, Long Island Attorney concentrating in Real Estate, Wills, Bankruptcy, and Small Business Member, The Devery Law Group Today we’re tweeting with @StefanieDevery, Long Island real estate, bankruptcy and small business attorney
Stefanie shares information about The Devery Law Group and their real estate practice.
During this show, they re-ran the interview with Jennifer Fourtney as it did not completely run on the last show. They also aired interviews with Stefanie Devery, Sherill with Twisted Limb Paper, and Jennifer regarding succession planning!
Stefanie’s interview is roughly 40 minutes into the show if you want to jump ahead and hear what she had to say.