{
  "id": 5112826,
  "title": "Dave Ramsey says TikTok's viral mortgage assumption trick is 'fraudulent' and will 'get you fried'",
  "url": "https://urgent.news/2026/09/02/dave-ramsey-says-tiktoks-viral-mortgage-assumption-trick-is",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T14:35:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/real-estate/articles/dave-ramsey-says-tiktoks-viral-143500739.html"
  },
  "original_language": "en",
  "account": "Dave Ramsey, a prominent personal finance expert, has criticized the viral mortgage assumption strategy being promoted on social media platforms like TikTok and Reddit. While the idea of taking over someone else's low-rate mortgage may seem appealing, Ramsey warns that it is not only fraudulent but also likely to result in financial ruin. The only legitimate mortgage assumptions are those that meet specific requirements and are allowed by the lender. Any other attempts to assume a mortgage without the lender's knowledge are considered fraudulent transactions and can lead to foreclosure.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}