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Yes, you can sell your house for the amount that you owe on it, but you may need to consider additional costs such as closing fees and real estate agent commissions.
What else can I help you with?
Can you sell your house while in foreclosure?
You can sell your house while it is in foreclosure. If the price is less than you owe the bank, the bank has to agree to the selling price first.
What if sale of a house after a foreclosure doesn't cover the mortgage amount?
Then you still owe money to the bank.
Do you get cash back when you refinance your car with the credit union?
When you refinance your car, you get a new loan for the remaining amount that you owe. You cannot cash out unless you sell the car for more than you owe.
Can they sell your house if you owe more than its worth to pay a loan off?
If you're upside down, they will look to you for the difference after.
What happens to the remaining mortgage balance if your house is foreclosed on and sold for less than the balance of the mortgage?
The amount that the bank forgave the difference from what you owed and the house is worth will be issued to you on a 1090 form and you will owe tax on that amount.
How do you stop contractor from trying to put lien on house?
Pay the full amount that you owe.Pay the full amount that you owe.Pay the full amount that you owe.Pay the full amount that you owe.
If you sell stock do you owe tax on the capital gain of the stock or entire principle amount?
You only owe tax on the capital gain.
Can you still owe money after your car is repossessed because of the recall?
If it is repossessed, you will owe the difference between the loan amount and what they sell the vehicle for.
If you sell a car and you owe the creditor do you have to pay them the amount the car was sold for?
If you sell a car you owe a creditor a balance on, you pay the creditor the amount you owe him in order to get the title to the vehicle to turn over to your buyer. Anything over the balance owed to the creditor is yours to keep, assuming you sold it for more than you owed on it. If you sold it for less than you owe on it you will have to pay the additional amount out of your pocket to get the title.
Can you sell your house while in foreclosure?
You can sell your house while it is in foreclosure. If the price is less than you owe the bank, the bank has to agree to the selling price first.
Do you still owe money if your car is repossess?
Yes. You owe the amount of the unpaid loan, minus whatever they get when they sell it at auction (very little), plus their costs.
What if sale of a house after a foreclosure doesn't cover the mortgage amount?
Then you still owe money to the bank.
Does the equity in a house add up from yourself and the previous owner and can you get it after you sell the house?
Your equity in your house is the difference between what the house is worth, the fair market value, and how much you owe on it.
During a foreclosure if your house is sold for less than you owe can the bank come after you for what is leftover?
Yes. And they normally do...because they owe it to others. You borrowed money from them and bought a house. You owe them the money. Not the house. You would have kept any amount you sold it for that was more than you paid...you would not have given them more. You would have paid them what you owed them only. They did not buy the house, alone or with you. You probably would have owed them less after all, had you sold the house on your own...because you will owe them all fee's and costs they have to incur to sell the house at foreclosure to recover funds you were to pay, and having to act to do so. You made a bad investment with money you borrowed. That's all.
Do you get cash back when you refinance your car with the credit union?
When you refinance your car, you get a new loan for the remaining amount that you owe. You cannot cash out unless you sell the car for more than you owe.
Is it illegal for someone to sell your personal belongings without notification if you owe them rent?
It is illegal for someone to sell your personal belongings without notification if you owe them rent. In most cases, you must have notice of eviction and a judgment against you for the amount of rent owed in order for the person to sell your belongings.
Can they sell your house if you owe more than its worth to pay a loan off?
If you're upside down, they will look to you for the difference after.
