Posts Tagged ‘mortgage’

How does selling a house on a land contract affect your ability to buy another house?

Thursday, August 18th, 2011

I’ve been trying to sell my house for 6 months with very little success. I was recently approached by someone about the possibility of purchasing my house via a land contract. How would that affect my ability to purchase a new home? Would I even be able to secure another mortgage considering I would essentially [...]

How much do we need to sell our House for?

Thursday, July 14th, 2011

We have been in our house for two years now. I will be obtaining a job that will double our income, so we are looking for a new home. We are first time homeowners, so I am unfamiliar with the mortgage process. Do we need to sell our home for at least the current balance [...]

If I have a mortgage and then sell my house do I have to pay it off or can I purchase a new house with it?

Sunday, May 29th, 2011

I have a 2,000 mortgage and I’m trying to sell my house (despite the poor market). We have picked out a 5,000 house that we would like to buy when ours sells. Will my lender require us to pay them off when we sell our house or will we be able to use the money [...]

What happens if I sell my house for less than I owe on my mortgages?

Saturday, April 30th, 2011

Let’s say I sell my house for 150,000 – but still owe 160,000. Do I have to pay that 10,000 right away? Can I roll it into my next mortgage? Technorati Tags: mortgage

How do I start to sell a house and buy a new one?

Thursday, April 14th, 2011

I am looking to move into a new house, selling my current one. I would like to get pre-approved for a mortgage so that I know how much house I can afford. Do I do that first and then hire a realtor so that I can tell him/her my price range? When do I get [...]

do you have to show the profit you make on your house selling for taxes?

Wednesday, February 23rd, 2011

When you sell your primary place of residence (lived there 10 years), do you have to include the money you made on the sale after property taxes are paid and the mortgage on your income taxes? Is it considered an income? Technorati Tags: 10 years, income taxes, money, mortgage, primary place, property taxes

What happens when you sell your house before it is paid off?

Friday, February 18th, 2011

Let’s say I have a house with a mortgage that has yet to be payed off, but I have have to move. What happens? Do I sell it to a real estate company or what? Technorati Tags: mortgage, real estate company

Is it possible to sell the house back to the person whom has the life estate on same house?

Friday, February 4th, 2011

I currently live in (and have had ownership of the house for 5 years now) and pay the full mortgage and all bills for the house that another relative, whom has a life estate on said house. I would like to sell back the house to relative(s) or just sell the house. Can that be [...]

What is the best way to sell my house as quick as possible?

Monday, December 27th, 2010

I just refinanced after my husband’s death….I don’t want the house anymore – the loan is 93,000 and it is worth 100,000. I just want to walk away – foreclose???? I don’t have the time or energy to try to sell. I have another house waiting – owner will hold the mortgage and I can [...]

After selling a house how much income tax do you pay?

Wednesday, December 8th, 2010

Alaska selling house for 190k, to pay 107k mortgage that gives me 83k i don’t know anything about tax can you help me estimate?? Technorati Tags: alaska, mortgage