Can I sell a home to a relative for less than full value (basically what is owed), and if so, what are the considerations? I live in WA, Thurston County… Yes, you can sell to a relative. In these particular cases, value only comes into play if the buyer needs to get financing – then …
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Sell Home Undervalue To Relative
Posted Sep 5th, 2010 By Richard Landuyt in Home Selling With | Comments Off -
Sell For Less Then Mortgage
Posted Sep 5th, 2010 By Richard Landuyt in Home Selling With | Comments OffIf I sell my home for an amount that is less than what I currently owe on my loan, do I have to pay the difference at closing or can I take that difference and add it on to my new loan on the home that I am buying? Most of the time, the seller …
