Log in

View Full Version : Can't Sell Home - need alternative methods


digavere
Apr 22, 2008, 05:10 AM
I am trying to sell my home, but the market is down now. I am wondering if I can sell my house contract for deed when I still have an outstanding mortgage on the property.

ashley0716
Apr 22, 2008, 05:30 AM
How about renting it out, at least until the market is doing better?

digavere
Apr 22, 2008, 05:33 AM
I'm not too enthusiastic about renting my property to someone else. Everything you hear about have a renter is not good. I would rather find a way to sell the property outright.

ScottGem
Apr 22, 2008, 05:57 AM
You can use a contract for deed, even if the property is mortgaged. I would have an attorney draw up the contract for you.