|
If you sell your house, but you haven't paid it off yet...
| Posted By |
Message |
Mrs213
????????
Member since 2/09 18986 total posts
Name:
|
If you sell your house, but you haven't paid it off yet...
do you "get" any money?
|
Posted 6/4/10 11:04 PM  |
| |
|
Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
LadyBug1209
Mommy to FOUR little men!
Member since 8/08 9655 total posts
Name:
|
Re: If you sell your house, but you haven't paid it off yet...
If you sell it for more than you owe on your mortgage, you would get the difference.
|
| Posted 6/4/10 11:09 PM |
| |
|
LSP2005
Bunny kisses are so cute!
Member since 5/05 19461 total posts
Name:
L
|
Re: If you sell your house, but you haven't paid it off yet...
It depends upon if you had equity in the house or not. If you owed more money on the mortgage than what you sold the house for, then no, you get nothing and you would need to write your mortgage holder(s) checks unless they agreed to a short sale. If, on other hand, you had equity in your house and sold the house for a profit you would get money back at the closing. Your attorney should be able to help you with the checks.
|
| Posted 6/4/10 11:10 PM |
| |
|
Potentially Related Topics:
Currently 2043478 users on the LIFamilies.com Chat
|
