Posted on: 01st Jun, 2009 12:32 am
i have an old home that i would like to sell--to a rehabber--in the near future, but i have a home equity loan that i am still paying on. i was told when i applied that i would be able to sell it, but i don't understand how that works.
how does this transactiion work with the bank holding the lien in order to be able to sell my home? how does it work exactly since i am new to these types of situations?
how does this transactiion work with the bank holding the lien in order to be able to sell my home? how does it work exactly since i am new to these types of situations?
Thanks. I was really concerned about it because I am going to need to sell my house within a year.
You are most welcome, Mary. :) If you've further queries regarding mortgage and related issues, feel free to post in the forums. Members/experts participating here will try to help you.