The Real Estate Encyclopedia Homepage Categories Videos Search Terms of Use FAQ's How to Create an Account Tips to Creating a Good Entry Example of Good Entries Wiki Logos Wiki Widgets Log Out Create an Account Review an Account Create an Entry Upload a Photo/Logo Do I have to pay my loan off when I sell? Category - Home Selling Questions - General Home Selling FAQ's Nearly every mortgage has a clause that says you must payoff the loan when the home is sold. In short, YES unless stated otherwise. If the loans can't be paid off then seek to get your loans modified. Real Estate Lawyers handle loan modifications and can reduce your interest rates and/or overall principle. References Courtesy of HomeOwners Advantage and link that to their entry in the wiki which is at HomeOwners Advantage Free Real Estate Conultation With Attorney http://www.jamesbechler.com External Links www.affordablelistings.com http://www.thelawofficesofjamesbechler.com     Category(s) Home Selling Questions - Selling Legal & Closing FAQ's Home Selling Questions - General Home Selling FAQ's [edit]

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