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Do you have to pay off your home loan before you sell your home?
Wiki User
∙ 13y ago
The mortgage must be paid off at the closing from the proceeds of the sale.
Wiki User
∙ 13y ago
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What if your dad had a home equity loan are the heirs now responsible to pay that off?
If your deceased father had a home equity loan are the heirs now responsible for paying it off IF THEY SELL THE HOME?
If your only surviving parent dies and has an active loan on the home what can you do?
The estate will have two specific choices: Pay off the loan with the money in the estate. Sell the house and pay off the loan.
What are Home Depot 401k loan guidelines?
upon paying off an existing loan how long before you may take out new loan
Can you sell a vehicle if the cosigner refuses to sign off on the loan?
The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.
If a parent dies before paying off their car does the next to kin have to do so?
The estate has to pay off the car or sell it and re-pay the loan.
Can you sell a car while you still owe money?
Yes, though you have to pay off the loan before or as part of the process.
If your ex was court-directed to pay off your home-equity loan in the divorce can you sell the house without using your own equity to pay off the loan if he cannot refinance or pay in a lump sum?
Since the house was used as collatoral for the loan you would have to use your equity in the house to pay off the loan.
Should you wait to sell your home or pay off home equity loan Before and buy a new one with loan?
I'm not sure your question makes sense. If you sell your home, your home equity loan has to be paid off. If the sale of your house doesn't fulfill your debt, you are "underwater" and in a serious financial crisis - you shouldn't be thinking about getting a new home! Otherwise the sale of your house should leave you with some money at the least, and this should be enough for a decent down payment on a new home. Under no circumstances should you be getting a mortage on two houses at once, unless you are extremely secure in your financial situation (which, in these times, is rather unlikely).
How do you sell a car that you still owe on that is damaged?
If you can get enough out of the car to pay off the loan then just sell it. If you are upside down on the loan, they that presents a real problem. You may have to just sit on the car until you pay off enough of the loan to be able to sell it an get enough to pay off the loan. You could also sell it and take out another loan that will cover the deficiency, but that may not be a good decision if you are financially strapped.
Your ex-husband and you jointly own a home which he lives in He can't refinance and I don't want to be held responsible for the loan if he defaults How can you get your name off the loan?
3 words: Sell the house.
Do you have to pay off a home equity loan when you sell your house?
Yes. The buyer's attorney will make certain the mortgage is paid off from the proceeds of the sale. They are obligated to do so.
Can you sell a car that has a loan attached?
Yes, you can sell a car with a loan attached. You must pay off the loan with the money you receive in order to have a clear title or you must get someone to take over your loan.
