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Can I sell my home for less than fair mkt value

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Icon Mini Profile dlevyn





Joined: 21 Mar 2011

Posts: 1

1.23 Dollars($)
Post Posted: Mon Mar 21, 2011 9:47 am    Post subject: Can I sell my home for less than fair mkt value
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Can I sell my home for less than fair market value?
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10439
Location: Alaska
985.83 Dollars($)
Post Posted: Mon Mar 21, 2011 7:47 pm    Post subject:
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Hi dlevyn!

Welcome to forums!

You will be able to sell off the property for less than the fair market value. However, you'll be liable for paying off the mortgage in full to the lender.

Feel free to ask if you've further queries.

Sussane
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