Comments on: Need to sell house but it has a collateral? http://sellmyhousequicklytm.com/need-to-sell-house-but-it-has-a-collateral Sell house by owner. How to sell your own house. Thu, 22 Sep 2011 00:00:27 +0000 hourly 1 http://wordpress.org/?v=3.1.4 By: estielmo http://sellmyhousequicklytm.com/need-to-sell-house-but-it-has-a-collateral/comment-page-1#comment-108 estielmo Sat, 04 Jul 2009 07:41:11 +0000 http://sellmyhousequicklytm.com/need-to-sell-house-but-it-has-a-collateral#comment-108 "...they would put a collateral on [your] house..." because you signed the paper that allowed it. You'll have to pay off that loan as well as the mortgage. "…they would put a collateral on [your] house…" because you signed the paper that allowed it. You’ll have to pay off that loan as well as the mortgage.

]]> By: donfletcheryh http://sellmyhousequicklytm.com/need-to-sell-house-but-it-has-a-collateral/comment-page-1#comment-109 donfletcheryh Sat, 04 Jul 2009 07:41:11 +0000 http://sellmyhousequicklytm.com/need-to-sell-house-but-it-has-a-collateral#comment-109 The purchaser will require that the debt be cleared at closing. It should be mentioned in the sale rather than being discovered during title search. The purchaser will require that the debt be cleared at closing. It should be mentioned in the sale rather than being discovered during title search.

]]> By: creekvue http://sellmyhousequicklytm.com/need-to-sell-house-but-it-has-a-collateral/comment-page-1#comment-110 creekvue Sat, 04 Jul 2009 07:41:11 +0000 http://sellmyhousequicklytm.com/need-to-sell-house-but-it-has-a-collateral#comment-110 You have a lien on your house because of the personal loan. When you sell it, the mortgage owned on the property plus the personal loan must be paid off and the lien will be lifted. The title must be free and clear at closing to be transferred to the new owner. The title company will handle all of this. You have a lien on your house because of the personal loan. When you sell it, the mortgage owned on the property plus the personal loan must be paid off and the lien will be lifted. The title must be free and clear at closing to be transferred to the new owner. The title company will handle all of this.

]]> By: firsttx@sbcglobal.net http://sellmyhousequicklytm.com/need-to-sell-house-but-it-has-a-collateral/comment-page-1#comment-111 firsttx@sbcglobal.net Sat, 04 Jul 2009 07:41:11 +0000 http://sellmyhousequicklytm.com/need-to-sell-house-but-it-has-a-collateral#comment-111 The title company will pick up both loans when they do a title search. No need to advise the buyer as long as you have enough equity to pay it (collateral) off with the proceeds. Buyer have enough to worry about and probably will not understand this anyway. The title company will pick up both loans when they do a title search. No need to advise the buyer as long as you have enough equity to pay it (collateral) off with the proceeds. Buyer have enough to worry about and probably will not understand this anyway.

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