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Options Available To 'finance' Capital Loss At Closing Of Sale Of Real Estate? |
What are my financing options convenient at the time of a sale of realestate property to compensate for monies owed mortgage business due to falling appraised value of the home? In other words, amount/sale of home will not pay off the outstanding mortgage
| Answer: You will have to ask the lender if they can do a penniless sale or personal, unsecured loan if you wish to peddle your home for less than what you owe on it. Those are your two options. If you're already under contract to sell your home, |
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