can you sell a house before you pay off the mortgage

Selling a Foreclosed Home: What You Can Do. – Realtor.com –  · Selling a foreclosed home is an option many homeowners who have defaulted on their loan don’t know much about.. "If you can pay off what you owe the mortgage. You can sell.

Do you have to pay off your mortgage before you can sell your. – Best Answer: Few people can afford to pay off their mortgage before they sell. Normally it’s done at closing. Proceeds from sale are used to pay off any debts, lien, taxes so that title can pass without issue. And No you dont have $100,000 profit. You are probably getting back your down payment, and.

Divorce And Mortgage Questions – WomansDivorce.com – A mortgage is an agreement between you and the bank. The only way to get your name off the mortgage is to sell the property, have the mortgage refinanced, or have him assume the loan. You could sell to your spouse, but he would then need to get a brand new mortgage – or pay off the mortgage. Topic: Do I have to take his name off the mortgage?

how to get the best mortgage How to Get the Best Interest Rate on a Mortgage – Debt.org – How to Get the Best Interest Rate on a Mortgage. With so many lenders pushing to get your business, comparison shopping is the simple way to find a great interest rate.

house selling paid mortgage – Floridamortgagebroker – How to Pay Off a Mortgage Balance When Selling Your Home – If you own a home that has a mortgage, it is possible to sell the home even though you owe the bank. Typically, you can’t sell something that isn’t yours, but to sell a house with a mortgage, you have to pay off the loan the same day that you close on the sale of the house.

What Happens to My Mortgage When I Sell a Home? | Sapling.com – Mortgages Contain Due-on-Sale Clauses. Mortgage lenders prevent you from passing your loan on to another borrower. With the exception of assumable mortgages, such as some federal housing administration and Veterans Affairs loans, you can’t sell a home and transfer the existing mortgage to the buyer.

What happens to a mortgage when a house is sold? Asked by Gaurav, Seattle, WA Sun Sep 9, 2012. I am a first time home buyer, just starting to look. My question might be stupid! If I have a mortgage on a home and I sell the home, what exactly happens to the mortgage?

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Colliton: Consider ways to retire without a mortgage – Make Extra Mortgage Payments. By starting early and adding an extra few hundred dollars to your mortgage payments every month you can decrease your overall obligation substantially and can pay off the.

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