Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
Thank you for your question. Although I am an attorney, I cannot represent you. However, I will give you the most thorough information I am able. Yes, as long as your sale price satisfies any liens on the property, you can sell for what is owing. There is no law that you must sell for a price at which you (as the owner) would make a profit.
Ms. Smith please not that since we are not available for retention or representation, we are unable to give you out office locations. We can merely remain available through this website to answer additional questions you may have.
how do we do that?
must we go through my bank or can a title company do this
can he pay me directly so i can pay off mortgage and then transfer title?
The same procedures must be followed to comply with the laws in your state. At some point the sale will need to be recorded. So some sort of transfer deed will need to be executed and recorded with the county. If you plan to handle the sale yourself without the assistance of an agent, you will want to contact the lender and explain that you have found a buyer. They will have forms that will need to executed properly. They will also be able to explain what needs to happen for the sale to satisfy their requirements.
I guess that answers my question. How do I reach you again?
You can type "for LAWGIRL" in the subject matter of your question.
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thanks.... of course i will accept
after I print this out
Awesome. Thank you.