can you sell a house with a lien on it?
430985
Although it is best to try to clear any outstanding involuntary property liens against your home before you sell, you can still sell even if there is a lien against your property. ... When you sell your home, the lien holders are paid with part of the sale proceeds. You receive the amount left over.
1410802
It's unlikely you'll be able to work with a conventional sale. Many lenders won't back a loan for a house without a working septic system, and without a plan to replace it. In that case, a seller will have to work with a cash buyer.
167742
Yes – you can sell a house with a leaking roof! Keeping a house with a bad roof is dangerous. Leaks can damage to rest of the house. The first place to get impacted is the attic quickly followed by the interior ceiling.
244709
Your house is used as a guarantee for the mortgage When you apply for a mortgage, the lender will send someone to value the property. ... If you sell your house before you've repaid the full mortgage, you will need to use the money from the sale to settle the debt and keep the remaining cash.
570961
I have easily sold many houses that were in probate and not in the people's name. ... Of course you will need to show you have the right to sell the house. For instance a company can own a house and an officer of that company can have the right to sell it. Or if you are in charge of dispersing the estate or as a trustee.
678636
You can't reverse-mortgage a home with an existing lien on it. You're borrowing against your equity, meaning you can borrow even if your home still has a lien on it—in fact, you can use a reverse-mortgage to clear other liens, if you like.
184424
Put simply, in a traditional sale, you should be able to sell your home for more than what you currently owe on your mortgage. If you've been paying down your mortgage over the years, you'll have built up equity in your home, which you can cash in on when you sell. ... The remaining amount of your mortgage.
834421
The simple answer is yes, you can sell a property with a tenant still living in it. In fact, the laws in most, if not all, U.S. jurisdictions give the tenant the right to remain in the property for the term of the lease, continuing on after the sale if the tenant's lease remains in force.
1104038
There's no requirement to find a home before you sell There is a way to avoid a contingent offer, qualify for the new loan more easily, and eliminate the possibility of owning two homes at once. You can sell your existing home first and then start looking for a new property to buy.
526608
Your HOA cannot directly kick you out of your home. There is a bit of a legal process. ... If you fail to pay fines or HOA dues, the HOA can put a lien on your house for the dues and fines and lawyers fees owed. You cannot sell or refinance your home until that lien is paid.
67410
If you fall behind in making the property tax payments for your home, you might end up losing the place. The taxing authority could sell your home, perhaps through a foreclosure process, to satisfy the debt. Or the taxing authority might sell the tax lien that it holds, and the purchaser might be able to foreclose.
413437
You can sell, but the buyer must agree to let the tenant stay. In addition, if the tenant has the right to renew their lease, then you and any buyer will have to honour that as well.
387546
The short answer is yes, in most cases it's entirely possible to sell a home even if you're still paying on FHA loan. There is no rule or requirement that says you cannot sell a house while you still have an FHA loan associated with the property.
171179
Title Liens and Mortgages It's a classic case of buyer beware -- while most banks identify and deal with liens before the short sale goes through, it's not unusual for banks to sell properties with liens against the title.
852699
Selling a home before it's paid off can be simple, so long as your home hasn't declined in value since you bought it. ... In this case, a homeowner would have to take all of the money from the sale of their home as well as any personal funds in order to fully pay off their mortgage.
857805
In most cases, to resolve a materialman's lien quickly, you can simply pay the debt and move forward with the home sale. If you can't afford to pay the debt right away, your agent may negotiate to wrap the cost of paying off the lien into your closing costs—but plan to deduct the expense from your home sale proceeds.
1030752
A: You might have to pay these back taxes. If you bought the house subject to all liens (known or unknown), you might well owe these real estate taxes. Unknown liens are a huge danger for those home buyers purchasing foreclosures and short sales.