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- 14 Answers
- 1 Blog post
- 1 Listing
Locations:
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Experience:
Broker/Agent/Owners for Swanson Property & Realty Inc
June 2006—present
Licensed Agents for Varied Brokerages
March 2003—May 2006
Specialties:
First-time Homebuyers
Relocations ... show more
Relocations ... show more
Certifications
& Awards:
& Awards:
GRI - Graduate Realtor Institute (Dan & Margo)
Interests:
Volunteerism
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Community Service ... show more
About:
Swanson Property & Realty Inc is a Single Agency residential real estate brokerage licensed in Minnesota and providing individual services to a select
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Dan & Margo Swanson answered:
Most mortgages have a Due On Sale clause (or Acceleration clause) - you can check your mortgage paperwork to confirm this. This means that if you sell the property, the note is payable in full at the time of the sale. This is also why Contract For Deed has become less popular as an option for a Buyer.
As Elizabeth points out, though, some loans (including FHA) can be assumed by a qualified Buyer. Check with your lender.
-Dan
As Elizabeth points out, though, some loans (including FHA) can be assumed by a qualified Buyer. Check with your lender.
-Dan
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