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Buying a home through a mortgage, what are the options?

Apr 12, 2021
Real Estate
A friend of mine is willing to buy a property off a family member in order to save them from losing their house. 2020 was a bad year to say the least! I know this is possible but I don't know the process. He wants to buy the home by paying off the mortgage and then rent the home to them so they don't have to move and can afford to stay there. Does anyone know the process in which someone would go through for something like this?