Wanting to buy house from brother who owns but still paying for it. Can I buy it from him?

Only by getting a mortgage, paying off the other loan and taking title from himWanting to buy house from brother who owns but still paying for it. Can I buy it from him?
You can buy any house you wish that is offered for sale. You will get your own mortgage if you can't pay with cash, and the seller will pay of all his debts on the house. You presumably don't want to take over any of his debts. That's why you have a real estate lawyer- to search for leans and determine a clear title.Wanting to buy house from brother who owns but still paying for it. Can I buy it from him?
this describes every seller in America.





yes you can buy it. Go get a mortgage loan and brother's loan will be paid off the day you close.





by buying from brother you will give up right to $8,000 tax credit from IRS.
people buy houses all the time that aren't paid for, talk to the bank about it, it shouldn't matter that it is your brother. you just have to treat it like it is any other house you want to buy.
Sure there are ways.


Speak with attorney, get contract drawn up.


How is your credit? Can you get a mortgage? Do you have down payment?


Rent to own or outright purchase with new mortgage.
Sure, this happens all of the time.


The money that you pay him for the house would be used to payoff his balance on his mortgage. The remainder would be his profit.
Sure you can. His bank will be paid off with either your cash or your loan that you will have to get to buy it.
Of course.......Most people who sell there houses are still paying for them. He will just have to pay off the remainder of his debt with the money he makes
David Z answered your real question, didn't he?
If he sells it to you.