Adoption,, Aging, AIDS, Alzheimer's, Disease, Arthritis, Birth, Defect, Breast, Cancer, Cancer, Child, Abuse, Child, Care, Child, Development, Child, Neglect, Child, Welfare, Cosmetics, Depression, Diabetes, Disabilities, Domestic, Violence, Environmental, Health, Food, Labeling, Health, Promotion, Heart, Disease, HIV, Injuries, Medicaid, Medicare, Nutrition, Patient, Education, Pregnancy, Public, Health, Sexually, , Transmitted, Diseases, Smoking, Statistics, Substance, Abuse, Stroke

What happens to your mortgage if you sell your home for less than you owe?

Posted by Bidadari Lembayung Senja 7 February, 2010 - 9 views

We would like to move into a bigger home. We live in a small condo that we paid a lot for. We will never get as much for it as we owe for our loan, but we have out grown it. We are not in a foreclosure situation because we are making the payments on time without a problem. If we sell our home for less than it is worth, can we add the balance of our mortgage onto the mortgage of a new home, or will we owe the bank the balance right then and there?

Powered by Bookmarkify™
Categories : Uncategorized Tags : balance, condo, foreclosure, home, Loan, lot, mortgage

Comments

No comments yet.


Leave a comment

(required)

(required)