Posted on: 13th Jun, 2010 03:44 pm
If I still owe on my mortgage, can I carry a loan to a buyer? And if so, how does the title read and how do I proceed on the purchase?
Hi aussie,
You won't be able to carry a loan for the buyer if you still owe on your mortgage. If the lender comes to know about it, he may call the loan due immediately.
You won't be able to carry a loan for the buyer if you still owe on your mortgage. If the lender comes to know about it, he may call the loan due immediately.