can you sell your property even if you don't have enough money to pay back the redemption fees?

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2006-08-24 21:52:53 · 5 answers · asked by Gossip81 4 in Business & Finance ➔ Credit

Provding you have sufficient equity in the property, it should be settled by the solicitor you are using and deducted from your sle proceeds

2006-08-24 22:00:04 · answer #1 · answered by D 5 · 0⤊ 0⤋

You would pay them back from the sale of your property.

2006-08-25 04:55:29 · answer #2 · answered by koolkatt 4 · 0⤊ 0⤋

It can't be closed to a new buyer. The lender will hold a lien and the new buyer will not accept that.

2006-08-25 04:57:42 · answer #3 · answered by ed 7 · 0⤊ 0⤋

yes pay the difference from your own pocket

2006-08-25 04:54:36 · answer #4 · answered by Anonymous · 0⤊ 0⤋

of course....you must have some equity...unless you want to sell at a loss.

2006-08-25 04:55:20 · answer #5 · answered by cbmaclean 4 · 0⤊ 0⤋