You can pay off any debt with your net proceeds. Depending on the value of your home and equity I could help you decide whether to rent or sell.
Deciding what to pay off first typically is determined by which debt has the highest interest rate. Payment is also a factor. The market has picked up sufficiently so that selling may be your best choice! 707-280-5753
Personally, I would find a CPA.
Here's a link from the IRS that will come in handy: "Capital Gains and Losses" http://www.irs.gov/taxtopics/tc409.html