What happens when I sell my house to an investor and I can afford the mortgage balance?

Asked by Susan Mcdermott, Glendale, CA Thu Feb 7, 2013

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5
Donald James, Agent, Edina, MN
Sat Feb 9, 2013
Are you talking about a short sale? Talk to a Realtor in your area who specializes in short sales about your options.
Web Reference:  http://www.mywra.net
0 votes
Susan Hoffla…, Agent, Shoreview, MN
Fri Feb 8, 2013
Hi, again, Susan!
Not sure what you mean by this question. The logical answer the way it's posed is to say to pay off the mortgage balance. Are you trying to do a short sale?

We need more particulars to help you here.

Good luck!
Web Reference:  http://www.homestosellmn.com
0 votes
Christopher…, Agent, Bloomington, MN
Thu Feb 7, 2013
Need more information. What is it a subject-to?
0 votes
Jim Olive, Agent, Key West, FL
Thu Feb 7, 2013
The big thing that will happen is you will come out of the deal with your credit unscathed. Not sure if that matters to you, but you can also feel good that you lived up to your committment. Bravo!
0 votes
Peter Mohyls…, Agent, Destin, FL
Thu Feb 7, 2013
Nothing, If I assume you are asking what happens when you sell a home for less than the mortgage. You will be expected to bring money to the closing to satisfy the bank unless you have negotiated a short sale.
0 votes
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