Posted on: 14th Oct, 2010 03:18 pm
My home is old and my neighborhood has become
unsafe. I've had my home forsale over a year. I'm
trying to sell it below the value of it, in oder to get
rid of it. Can I be sued if I try to give the home back?
unsafe. I've had my home forsale over a year. I'm
trying to sell it below the value of it, in oder to get
rid of it. Can I be sued if I try to give the home back?
Hi doglover,
You can sell off the property for a lower amount. However, you'll be liable for paying off the full mortgage amount to the lender. Unless you do so, the lender can come after you for the deficient balance.
You can sell off the property for a lower amount. However, you'll be liable for paying off the full mortgage amount to the lender. Unless you do so, the lender can come after you for the deficient balance.