Real Estate Minute with Ilyce Glink Want to sell? Give away a car Original Air Date: August 3, 2006
Typically, when you sell your home, and you have a loan, the loan is due on the completion of the sale. The due-on-sale clause on the loan gives the bank the right to call the loan and require you to pay it in full. The bank may not exercise its right to call the loan, but that is a risk you would take if you sold the home on an installment contract basis.
Real Estate Minute with Ilyce Glink Getting rid of leftovers. Original Air Date: August 2, 2006
A quitclaim deed transfers any interest you may have in a property to someone else. However, using a quit claim deed does not relieve that person from the responsibility of the mortgage. A quit claim deed will relinquish any leverage that owner has to ensure that mortgage payments are made on time.
If rising gas prices are causing you to drive less, talk to your insurance agent. Driving fewer miles each year could qualify you for a discount of 5 ...
Real Estate Minute with Ilyce Glink Getting Him Off of the Mortgage Original Air Date: August 1, 2006
