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Buying or Selling a Home/selling with a contract
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Question
can i sell my house on contrcat if i still have a mortage on it. i live in illinois
I would recommend you talk with a REAL ESTATE attorney how it is best in ILLINOIS, Bob. Otherwise, yes, you can. The buyer would get his own financing and pay your mortgage off in the process of buying your house. Or you could use a wraparound (all-inclusive) mortgage to sell your property. That process is a long one to describe to you here. That's why I suggested you consult with an attorney. Also a good (and I do mean GOOD)real estate agent could also help you.
I wish you well.
Dick Dennis
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Dick Dennis
Expertise
With more than 37 years as a real estate broker, I can solve most any problem presented. If I can`t, I do my research. Problems with mortgages, trust deeds, foreclosures, odd ways of conveying titles. Most any good Realtor can answer questions satisfactorily, but I answer questions that most cannot. Also, ask about my hard-copy newsletter.
Experience
Problem solving since 1980
Organizations
National Association of Realtors
Publications
Publishes The Landed Gentry, guest writer in Who's Who in Creative Real Estate, First Tuesday, Financial Freedom and many newspapers
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