I don’t normally hang out in the peanut gallery and post comments to articles and blogs.  I simply don’t have the time.  But for some reason, I felt compelled to add my 2 cents on a marketwatch article.   The questioner wanted to know if it was possible to assume a mortage of a seller in distress even though their credit was shot from a bankruptcy a year ago.  Since the questioner lived in the Bay Are they were looking for a house in the 500K range (yes that is the low end of the market here).   And they had $2500 a month to spend on mortgage payments.

First of all the answer to the question was weak.   “Talk to a professional”.  And no creative thinking was in sight.  Then the peanut gallery decided to lambast the audacity of someone that was recently in bankruptcy that thought they could obtain a $500K house .. for $2500 monthly payments with no down payment.

Farfetched?  Yes, of course it is.  But it could happen.  So I posted, in the spirit that the only stupid question .. is the one not asked.

BTW, my avatar is named ksf.