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What else can I help you with?
Do you have to pay off your mortgage before selling your home?
No, you do not have to pay off your mortgage before selling your home. When you sell your home, the proceeds from the sale can be used to pay off the remaining balance of your mortgage.
If you sold your home and did not sell for enough to pay the first and second mortgage what happens to the second mortgage lien?
Was the 2nd lien included in and discharged in your bankruptcy? If not, then that lien still encumbers the title to the property and is probably a debt you still owe.
Should I pay extra on my mortgage if I plan to sell my home?
Paying extra on your mortgage can help you build equity in your home, which may increase your profit when you sell. However, it's important to consider your financial goals and priorities before deciding to pay extra on your mortgage.
Can a mortgage company sell your loan?
A mortgage company can sell your home for the right price. Often times mortgage companies will offer you an alternative to selling your loan so that you get the best deal available to you. See the related links for mortgage companies in Texas.
What happens when you have a lean on your home from a 2nd mortgage?
It just means the 2d has to be paid if you refinance, sell etc. In other words you can't do a refi unless a payoff of the 2d is rolled in.
Do you have to pay off your mortgage before selling your home?
No, you do not have to pay off your mortgage before selling your home. When you sell your home, the proceeds from the sale can be used to pay off the remaining balance of your mortgage.
What happens to mortgage when the only person on the title dies and is survived by a minor child in the state of Florida?
The estate is responsible for clearing the mortgage. They will either pay it off, or more likely, sell the home, pay off the mortgage and put the remainder into trust for the use of the minor.
What happens to the mortgage if you sell deed with right of survivorship?
You must notify the bank of the transfer and arrange to pay off the mortgage in full.
If you sold your home and did not sell for enough to pay the first and second mortgage what happens to the second mortgage lien?
Was the 2nd lien included in and discharged in your bankruptcy? If not, then that lien still encumbers the title to the property and is probably a debt you still owe.
Should I pay extra on my mortgage if I plan to sell my home?
Paying extra on your mortgage can help you build equity in your home, which may increase your profit when you sell. However, it's important to consider your financial goals and priorities before deciding to pay extra on your mortgage.
Can a mortgage company sell your loan?
A mortgage company can sell your home for the right price. Often times mortgage companies will offer you an alternative to selling your loan so that you get the best deal available to you. See the related links for mortgage companies in Texas.
What happens when you have a lean on your home from a 2nd mortgage?
It just means the 2d has to be paid if you refinance, sell etc. In other words you can't do a refi unless a payoff of the 2d is rolled in.
Can you sell your home while you are on a late mortgage repayment plan with your bank?
yea
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.
If you foreclose on your home and proceeds are not enough to pay the first and second mortgage what happens to the second mortgage lien?
You still owe the money to the mortgage provider.
What happens to your mortgage if your house sells for less than the mortgage amount due?
If this is a legal "Short Sale" that was approved by the investor holding your note, you should be ok. If you are trying to sell the home for less that the balance of your current mortgage, you may run into some serious problems. Law vary from state to state.
Can a second mortgage put a lien on a home that is not foreclosed but I owned as a primary home however since foreclosure the first mortgage was paid its full amount and the second mortgage nothing?
A second mortgage already has a lien on the home. If you don't pay the second mortgage they will foreclose and take the home. By paying off the first mortgage you just make it easier for the bank to get their money back out of the property when they sell it.
