2007-11-17 12:22:33 · 5 answers · asked by Diane L 1 in Business & Finance ➔ Renting & Real Estate
If the agreement you signed had a prepayment penalty-NOPE!
2007-11-17 12:28:15 · answer #1 · answered by ? 6 · 0⤊ 0⤋
I don't think you can. I run into this problem soo many times when people are thinking about selling their home and they've recently refinanced. They will either break even or end up owing money at closing. The only thing to do is to either wait until your pre-payment penalty will be reduced or ended or raise the sales price if your area will support it. From what I gather, you can't raise the price anymore for risk of not selling. I hope it works out for you in the end.
2007-11-17 21:07:04 · answer #2 · answered by lyrical 3 · 0⤊ 0⤋
Nope. That's one of the items a person should check if there's a chance they will sell soon after taking the mortgage.
2007-11-17 20:45:02 · answer #3 · answered by acermill 7 · 0⤊ 0⤋
Live and learn. You should address pre-payment penalty up front. Sorry, I think you are hosed.
2007-11-17 20:29:49 · answer #4 · answered by homerunhitter 4 · 0⤊ 0⤋
if it's in your contract and you signed the contract, sorry, but your stuck with the penalty clause
2007-11-17 20:31:12 · answer #5 · answered by Jan Luv 7 · 0⤊ 0⤋