If you purchase a two -family home can you sell one half of the property? If so how does it work out as far
as the mortgage? Not too sure if this was possible, curious if anything....
Yes you can.
You need first to divide the property as 2 condos and some common areas. This is done through a real estate lawyer.
Jean-Pierre Angel
Exclusive Buyer Agent in the Greater Boston area for the last 15 years
RealEstate.com REALTORS
angeljp@aol.com
617-924-9136
cell: 617-230-7045
FAX: 617-393-1664
Are you thinking about the situation of a co-op or condo? You would have to have the property approved as such. In the case of a co-op, you would be selling shares.
Discuss this with your attorney.
Hi Nancy, I have seen where 2 people own a 2 family and each had 1 apartment representing their portion. Are you talking about selling to a family member?? I doubt that you can sell to someone if you have a mortgage- the bank would not let title change unless they were involved. need more info Terry K718-614-3167 cell
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