[quote=bearishgurl][quote=spdrun]Or banks will quietly make existing loans assumable, as was done in the 1980s.[/quote]
spdrun, lenders cannot do anything other than what is already written in the original note, nor can their successors (other lenders down the line who purchased these notes). Virtually zero conventional loans made since about 2002 had any assumability provisions in them. [/quote]
Sure they can. It’s called a loan modification. Principal modifications are frowned upon. But any other term is fair game with the consent of the mortgagee.
