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How does one sell a house with a mortgage on it that has an appreciated value?
Wiki User
∙ 16y ago
Depending on what state you are located in you need to get updated information. Call you local real estate agent and have them do a CMA ,Comparative market Analysis for you...It should be free. You can even get a couplefroom different agents. This will show you what the home market is doing and what homes are selling for in your area. Do not try to over price, this will cause your house to sit on the market for awhile. Be sure he does an estimated net proceeds for a seller. This will tell you how much profit you will have after the sale.You need to be ahead of the marekt not following it. If you want more information on selling a home,,go to my website http://www.rogersellsseattle.com/ for free information. Presentation and marketing are very important in selling. Good luck...Roger
Wiki User
∙ 16y ago
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My sons have been making the mortgage payments the last 6 months based on the loss of my business I want sell the house to them at the value price of the home not my mortgage amount how do I do this?
Contact your mortgage company about doing a "short sale".
If your husband has a reverse mortgage and you are not 62 what happens to you with the house if he dies?
The answer is when he dies the reverse mortgage company will settle up the loan, so you will have to either sell the house or refinance with a new mortgage.
Can you sell your house with judgments on your credit report?
Sure; the problem in such a case would be getting a mortgage to buy a house, not selling a house.
What happens when a borrower doesn't pay back a mortgage loan?
The lender can foreclose the mortgage and sell the house to recoup its losses. You would lose the house. Your credit rating will plummet.
In Michigan can you sell a house on a land contract if their is a very large Mortgage on it?
Absolutely not legal.
What happens when you die and leave a mortgaged house to someone?
They now have a house with a mortgage on it. If they cannot, or do not wish to, pay the mortgage, they will have to sell the house, pay off the mortgage, and keep the remainder of the money. The mortgage holder may require you to get a new mortgage on the property, rather than assume the existing loan. You are essentially leaving them what ever value you own of the house.
My sons have been making the mortgage payments the last 6 months based on the loss of my business I want sell the house to them at the value price of the home not my mortgage amount how do I do this?
Contact your mortgage company about doing a "short sale".
Can you sell a house without spouse consent in nc?
Yes, you can sell a house without spousal consent it their name isn't on the mortgage. If their name is on the mortgage, you will need their consent.
If your husband has a reverse mortgage and you are not 62 what happens to you with the house if he dies?
The answer is when he dies the reverse mortgage company will settle up the loan, so you will have to either sell the house or refinance with a new mortgage.
Can you sell a house that has a second mortgage on it?
Absolutely, you can sell a house with a second mortgage on it. Keep in mind that you will have to provide clear title at time of closing and that the all mortgages (first and second) will need to be satisfied at closing which can be paid with the proceeds from the sale.
Can you sell your house with judgments on your credit report?
Sure; the problem in such a case would be getting a mortgage to buy a house, not selling a house.
What happens when a borrower doesn't pay back a mortgage loan?
The lender can foreclose the mortgage and sell the house to recoup its losses. You would lose the house. Your credit rating will plummet.
In Michigan can you sell a house on a land contract if their is a very large Mortgage on it?
Absolutely not legal.
What happens to a lien on a house after it expires?
The lain stays with the mortgage. And if the owner of the mortgage does not settle up with the lien holder that person cannot sell their house, car, boat or whatever the lien is on. They have to pay lien first or sell and before they get the money the amount of the lien will be deducted from total sell
Can you transfer your home mortgage to your mother and get it out of your name?
Not without the consent of your lender, no. You could sell your house to her, but then your mortgage company would expect to be paid off; you can't sell her your house for less than you owe on it without making up the difference yourself.
What exactly are mortage rates?
Mortgage rates are the rates to which you sell your house to a bank and the interest that is paid on it.
What if the estates debt is a mortgage?
The executor of the estate has the option of continuing to pay the mortgage and thereby continuing to own the property (which is presumably a house) or selling it. When you sell a house that has a mortgage, some of the purchase price will go to you, based on your equity in the house, and some will go to pay off the mortgage. If there is little equity in the house, or if the housing market is very depressed, you may realize little or no profit on the sale of the house, but you won't have to continue paying the mortgage.
