We are wanting to move to California to be with his sister and we really don't like some things in our house.
2007-12-06 13:57:26 · 7 answers · asked by Chelle 1 in Home & Garden ➔ Other - Home & Garden
We have made more than 1 payment on it. We're looking to move to California with his(my husbands) sister and don't like some things in our house.
2007-12-06 14:48:33 · update #1
yep , call the mortgage co and ask what the cash pay off would be,
2007-12-06 14:00:37 · answer #1 · answered by William B 7 · 0⤊ 0⤋
You want to know if you cold sell your home having been there only one year, if that is your question, then yes, but if there is any equity, meaning if you bought it for example 100,000 but is not worth 150,000 you will pay taxes on the 50,000 gainings. You dont pay taxes on it if you lived in the home for at least 2 yrs.
Another thing, ask your mortgage company if you pre-payment penalty.
2007-12-06 14:01:25 · answer #2 · answered by TXgirl 2 · 1⤊ 0⤋
You made only one payment in a year and the bank didn't foreclose?
2007-12-06 14:27:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Ask your mortgage company. Some loans have a penalty.
2007-12-06 14:00:54 · answer #4 · answered by SR 3 · 0⤊ 0⤋
Of course you can sell. Call the realtor and get going. good luck
2007-12-06 14:00:49 · answer #5 · answered by Aloha_Ann 7 · 0⤊ 0⤋
wow what a coincident i just talk to my mother about this... and the answer is yes you can sell it
2007-12-06 14:07:43 · answer #6 · answered by TheLostOne 3 · 0⤊ 0⤋
Sure. It happens all the time.
2007-12-06 14:04:49 · answer #7 · answered by No More 7 · 0⤊ 0⤋