 Can a person put a lien on a house I've built that I didn't hire directly to do the job? |
| My husband hired this man (Mike) to put vinyl up on two of his houses. Mike subcontracted out the job to someone else (Joe) to do the job. My husband paid Mike for all of the work; however, Mike ... |
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 Can a landlord walk into your apartment, and can they charge a guest rent? |
| my fiance lives in arkansas and his landlord wants to charge me rent for visiting him for my 2 weeks holidays and his landlord also walks into the appartment and into his locked room when ever they ... |
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| Im looking to rent a house but i heard that you might have to pay some kind of property tax... i thought that was only if you are buying a house.... |
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| should I ask for points paid or just closing costs? How much below the asking price is standard?... |
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| Me and my boyfriend just moved to Baltimore, MD and got our own apartment. We are both only 21. I lived with my parents my whole life (they live in PA, but work in Baltimore) My dad got my boyfriend ... |
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 Landlords, please help....? Un-cooperative tenants....? |
| My parents own 3 houses that they rent out to people. They have done this for about 6 years. This is the first time they are having problems with a tenant. They don't pay their rent until they ... |
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 Whose job is it to find a new roommate? |
I'm moving out and giving a 30-day notice as required by the lease. My roommate thinks it's my job to find someone else to move in - I think it's hers. Who is right?
Additional D... |
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| Say they didn't have a job but found the perfect apartment/house, then got a friend who owned their own business to pretend that person had been working for them for 3 - 5 months for the bank to ... |
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| and only seem to be getting about one to two lease to purchase contracts that they want to consider. The l2p course says i should be getting at least 40-50% to accept them. Is there possibly ... |
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| Im not exactly knowledgable on home buying yet (im 22) but I've got some money saved up now and I want to buy a house as soon as possible. is $15 000 enough for a down payment? If not, what ... |
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| My husband and I have been preapproved for a home loan and they just asked for out checking statements for the last 2 months but we have spent so much money in the last few months there is not ... |
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| My landlord has given us 24 hours notice, by text message, that he wants us away from the house for 4 hours as he has a mortgage assesser round. We have just renewed our contract and its a new home, ... |
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 Can I deny my landlord rent due to conditions in my apartment? |
| I live in a townhouse apartment. On the main level there is a bathroom, which sits directly below an upstairs bathroom. The tenants last year had a leak upstairs which they failed to report, so in ... |
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 Should I refinance my house in this situation? |
| We bought the house a year ago and the APR is currently 6.75 (30 year, fixed). We owe around $172000 (not counting the home equity line, 21K). I was just looking at Quicken loans and saw tone of ... |
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carey646 | Can I sell my house if I still owe 50,000 on a second mortgage? |
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PepsiLime
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Sure, and as part of the closing statement the $50,000 that you owe will have to be paid from the proceeds of the sale. Otherwise, the sale won't take place, as the holder of the 2nd mortgage will not release the lien on the house.
Hopefully you don't owe more on the house than you would get from selling it. If you do you'll have to pay who you owe in full. |
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RickRN
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If you can pay it off with the proceeds of the sale or out-of-pocket. |
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Judy1
 |
Sure, but you'll have to pay off any outstanding mortgages as part of the closing. And if you owe more than you sell the house for, you'll have to come up with the difference. |
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Angie
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As long as the 50,000 can be paid off when the house is sold, along with any other loans against the house. If not, you still owe the money whether or not you own the property. |
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angela
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You can sell your house as long as you get enough to pay off your first and second mortgages. I'm sure you'll also want enough to cover closing costs so be sure you know how much you need before you accept an offer. |
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Kaia
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In most cases, yes. However, the 2nd mortgage lien will have to be satisfied before you see any money from the sale.
Let's say you owe 50,000 on the first mortgage and 50,000 on the second. The house sells for 120,000. Before you see your check for the sale, there will be a check issued to pay off the first mortgage and then a check cut for the second mortgage. So, at the best, you'll see 20,000. (Depending on real estate fees, points, taxes, etc.) If the sale of the house is less than what will satisify both the mortgages, you've got problems.... |
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mazziatplay
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You can if the sales price will be sufficient to pay both the first and second mortages in full. |
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kate
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You can always sell your house ,
All mortgages (liens) will be deducted from the proceeds .
If your sale price is less than the combined mortgages , you will be required to pay the remaining amount .
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