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selling a house with equity line

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Icon Mini Profile abrit1969





Joined: 19 Apr 2011

Posts: 1

1.28 Dollars($)
Post Posted: Tue Apr 19, 2011 3:56 pm    Post subject: selling a house with equity line
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Hi i need to sell my house i owe about $118,000 i also have a equity line with $16000 total is $134,000. My house should sell for around $128,000 to $135,000. What are my options
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10460
Location: Nevada
987.57 Dollars($)
Post Posted: Tue Apr 19, 2011 9:00 pm    Post subject:
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Hi abrit,

You should list the property in the market so that you can get borrowers for your property. However, after you sell off the property, you will be liable for paying off the mortgage in full to the lender.

Thanks
Icon Mini Profile dipaligopale





Joined: 25 May 2010

Posts: 790

22.70 Dollars($)
Post Posted: Wed Apr 20, 2011 3:24 am    Post subject:
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Hi abrit1969,

welcome to Mortgage fit,

You should first list your home for sale on multiple websites some of them
homesbyowner.com
homesgofast.com
realtor.com

or any local listing.You should get your home evaluated from authorized appraiser.this whole process will make it more simple to sell your home.

to make a quick sale,you can also take help from professionals.

Feel free to ask any further query if you have....

DIPA

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