The Real Estate Encyclopedia
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.


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Home Selling Questions - Selling Legal & Closing FAQ's
Home Selling Questions - General Home Selling FAQ's
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