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When Dakota decided to move, Katie made her an offer of $350,000 for her house and Dakota accepted the offer with a hand-shake. A few days later, Dakota was killed in a car accident and her brother informed Katie that Dakota had left him as the sole beneficiary and he would be selling the house for $500,000 if she still wanted to buy it.
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Selling your home can be daunting if you’ve never done it before, and more so if you’re worried about complications like having a second mortgage on the home. The good news is, having a second mortgage does not prevent you from selling the home and does not make any real difference to the home-selling process.
Selling your property while in mortgage is a fairly common thing. Being in mortgage simply means you still owe money to your lender and have not yet satisfied your home loan. Typical mortgages run 15 to 30 years, and homeowners regularly sell their homes to move before loans are paid.
About the Author: The above Real Estate information on the how to sell a home with a reverse mortgage was provided by Bill Gassett, a Nationally recognized leader in his field. Bill can be reached via email at [email protected] or by phone at 508-625-0191. Bill has helped people move in and out of many Metrowest towns for the last 29+ Years.
Putting your home on the market? Selling a house for a client this summer? According to a recent study, certain outdoor features can help you do – and get more money in the process.
When you’re selling your home, there’s so much to do and things can easily fall through the cracks. So let’s narrow down that to-do list! Before you put your home on the market, make sure you’ve.
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mortgage masters group Thanks for visiting our blog, where we guarantee you’ll find plenty of helpful information to assist you in purchasing your new home or refinancing your current mortgage. We also like to post technology and local interesting news.
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