Property Q&A in 94598 : Real Estate Advice

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Steven Ornel…, Real Estate Pro in Fremont, CA
Steven Ornellas answered:
Is it possible to trade residences with someone who has a similar mortgage?
Gee, if either party has a mortgage, a transfer of ownership will likely trigger the "Due on Sale" clause(s). This means that the lender can call your loan to be paid in full.

If ne ... more
0 votes Share Flag Sat Feb 7, 2009 Property Q&A in 94598
Johnny Huang,…, Real Estate Pro in Walnut Creek, CA
Johnny Huang, MBA answered:
Would like to consider an even trade of our 5 BR home for a condo at the Mercer or Montecito.?
Your question seems like trading in a car for a brand new one. Most people don't think about it, but it's really 2 TRANSACTIONS, the sale of your old car to the dealer and the purchase ... more
0 votes Share Flag Thu Feb 5, 2009 Property Q&A in 94598
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