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You would still be responsible for paying off the mortgage. It is likely that you will have breached your mortgage agreement. The lender may be able to demand immediate payment in full. If you fail to pay, the lender can take possession of the property by foreclosure. The lender could sue you for any deficiency that exists after the property is sold.
You would still be responsible for paying off the mortgage. It is likely that you will have breached your mortgage agreement. The lender may be able to demand immediate payment in full. If you fail to pay, the lender can take possession of the property by foreclosure. The lender could sue you for any deficiency that exists after the property is sold.
You would still be responsible for paying off the mortgage. It is likely that you will have breached your mortgage agreement. The lender may be able to demand immediate payment in full. If you fail to pay, the lender can take possession of the property by foreclosure. The lender could sue you for any deficiency that exists after the property is sold.
You would still be responsible for paying off the mortgage. It is likely that you will have breached your mortgage agreement. The lender may be able to demand immediate payment in full. If you fail to pay, the lender can take possession of the property by foreclosure. The lender could sue you for any deficiency that exists after the property is sold.
What else can I help you with?
Can I tear down a house with a mortgage on it?
No, you cannot tear down a house with a mortgage on it without permission from the lender.
Can you tear down and rebuild a house with a mortgage?
Yes, it is possible to tear down and rebuild a house with a mortgage. This process is known as a construction loan, where the mortgage is used to finance the construction of the new home.
Can you tear down your home as long as you are paying the mortgage?
No you cant because part of your mortage is for the land value and part is for the value of the structure/house.
How do you tear down skyscrapers?
To tear down a skyscraper, crews strategically place explosives throughout the structure and "Blow it up".
What is the meaning of demolished?
Demolished means to completely destroy or tear down a building or structure.
Can neighbor tear down garage structure if on property their property line?
Under certain circumstances, yes.
When did Azrael's Tear happen?
Azrael's Tear happened in 1996.
When was Tear the Signs Down created?
Tear the Signs Down was created in 2010.
When was Tear Down These Walls created?
Tear Down These Walls was created in 1987.
What is stitch n tear?
stitch and tear is a type of fabric structure used in textiles.
When did Tear Ring Saga happen?
Tear Ring Saga happened in 2001.
What demolish means in industry?
To tear down and remove. As in, "to tear down and remove a building".
