Posted on: 20th Sep, 2013 12:33 am
How can I sell off my house if I have a home equity loan against it?
It will be quite difficult for you to sell off a home if you already have a home equity loan on it. Even if you sell off the property, you will have to immediately pay off the loan in full with the sale proceeds.
Firstly, pay off the home equity loan, then you try to sell the property.