How do I pay off my exsisting mortgage when I sell my own home?

Posted by admin | FSBO - FAQ | Sunday 21 June 2009 6:59 pm

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ppnj4 asked:

I have already listed my home with a realtor so please NO responses indicating I should. We are now going to try to sell our home ourselves. I have already looked at FSBO.com as well as a few other sites. The legal aspect seems confusing so I think we will hire a real estate lawyer (unless someone can give me a better understanding of what to do with the documents you can download). My question is once I have a buyer (fingers crossed) how do I deal with my exsisting mortgage? Do we pay that off before the deed is changed with the profit or does it get paid off after? Do I contact them or does the lawyer handle all of that? Is that an extra document? Any help on the LEGAL aspect of selling my home and the exsisting mortgage would be great. I all ready know about the listing, advertising, and setting my price end of it.

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I want to buy a condo with cash from a FSBO. Who generally pays the closing costs?

Posted by admin | FSBO - FAQ | Wednesday 27 May 2009 5:13 pm
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sportsfan1222 asked:

Should I hire a real estate lawyer or a Real estate agent? Any other info would be appreciated

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