i know that hire purchase, car loan is if u want to let go, u hav to bare ALL THE COST u lost.
any sifu here mind to share experience?? cheers...
Selling property with LOAN yet to settle?, IS it possible??
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Dec 13 2009, 07:11 PM, updated 17y ago
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#1
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Junior Member
124 posts Joined: Sep 2008 |
guys, wondering is it possible to sell off house with outstanding loan amount yet to settle, infact just done refinancing, is it that we'll hav to clear off the debt before can let go???
i know that hire purchase, car loan is if u want to let go, u hav to bare ALL THE COST u lost. any sifu here mind to share experience?? cheers... |
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Dec 13 2009, 07:25 PM
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4,695 posts Joined: Jan 2005 |
it's possible. the buyer's money would go towards redeeming the title.
that's of cos, if the selling price is higher than the loan amount still due. but if just done refinancing, there's a fine from the bank. |
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Dec 13 2009, 08:10 PM
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#3
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124 posts Joined: Sep 2008 |
QUOTE(scorgio @ Dec 13 2009, 07:25 PM) it's possible. the buyer's money would go towards redeeming the title. thx bro for the clarification, actually stil in planning stages.. cheers..that's of cos, if the selling price is higher than the loan amount still due. but if just done refinancing, there's a fine from the bank. |
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