butterfly121…, Both Buyer and Seller in Corpus Christi, TX

Should we sell our home?

Asked by butterfly121686, Corpus Christi, TX Mon Jul 2, 2012

My husband father recently passed and my husband has been paying the house mortgage, we want to move but we still owe around 18,000 and we got an offer to sell the home as is and the home is on a great location . My question is can we sell our home if we haven't paid off the mortgage?

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Answers

4
Assuming the home is in your name of course you can. Almost all sales today have mortgages attached. It's very rare that I ever speak with a seller who has their home free and clear. When you sell the home the lender and any other liens are all paid off and you receive the remaining proceeds.

Hope this helps.

_______________________________________
Don Groff
REALTOR® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157
listings@dongroff.com | http://www.AustinListed.com
0 votes Thank Flag Link Sat Jul 7, 2012
Depends on who is on title to the house or who the heirs are. You can only sell what you have a right to sell and no one here can know for sure until there is confirmation of ownership rights.

On a side note, I'm personally exploring properties near the coast for investment purposes. Our family is tired of renting when we make our frequent trips to the coast, so if you want to consider other AS-IS offers, feel free to shoot me some info (address, sq. ft., year built, beds, baths, photos if available, price, etc.) and I will let you know if we're interested. We will be back down there in a couple of weeks.

Guy E. Gimenez ABR, CRS, GRI
Broker / Owner
The PowerHouse Group
512-731-5613
guy@phgbrokers.com
0 votes Thank Flag Link Mon Jul 2, 2012
Certainly you can, and it is very typical for homeowners to do so. When the closing of the sale takes place, any proceeds are applied first to any lien which encumbers the property, then to closing expenses, then the remainder goes to you. Any real estate broker or real estate attorney can walk you through the full process from start to finish.

Victoria
0 votes Thank Flag Link Mon Jul 2, 2012
Butterfly
It depends. Does he own the home now? Is he the executor of the estate? When it sells the title company will deduct the amount still owed on the property and pay off the mortgage. Whatever is left after expenses will be his.
Good luck

http://www.mader-realestate.com
http://www.charlie@charliemader.com
0 votes Thank Flag Link Mon Jul 2, 2012
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