Home arrow Mortgage Forums arrow Announcements Feedback and Our Pub arrow

Thinking of building on lot I have mortgage on

Author Message
Icon Mini Profile esterrod





Joined: 23 Sep 2010

Posts: 1

1.00 Dollars($)
Post Posted: Thu Sep 23, 2010 10:47 am    Post subject: Thinking of building on lot I have mortgage on
Like 0
Dislike 0

Two or three yrs ago I bought property with house on it but would like to sale house to be;moved and build on that property, Is that possible?
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10477
Location: Nevada
990.06 Dollars($)
Post Posted: Thu Sep 23, 2010 9:50 pm    Post subject:
Like 0
Dislike 0

Hi esterrod,

You may be able to sell off the said property but if you've taken out a mortgage on that property, then you will have to pay off the balance amount in full as soon as you sell off the property.

Thanks
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights

Bookmark this page

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.044 seconds.