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Sell your house Around HECM legislation, you’re going to have to pay the lender by using the continues of product sales

Sell your house Around HECM legislation, you’re going to have to pay the lender by using the continues of product sales

If there’s currency remaining-definition you promote the house for over the borrowed funds equilibrium-you can keep the huge difference. In the event your financing balance is over the deals rate, FHA insurance coverage covers the remainder.

Action rather than Foreclosures You could potentially stop trying your house so you’re able to the lender by providing a deed in the place of foreclosures. Of the finalizing that it file, you lawfully import the newest identity and control of the property so you’re able to the financial institution. Continue Reading