Want to sell house my house with exsisiting mortgage?

Question

how would i go about or whom do i contact on buying my house that i still pay a mortgage on?

Answer 1

Most people who put their houses up for sale still have existing mortgages on them. That's how it's done. You try to sell the house for more than the value of your existing mortgage. You pay off the mortgage with the proceeds of the sale, and then use the remainder of the money as the down payment on your next home.

Talk to a local Realtor. They'll explain what you need to do to sell your current home.

Answer 2

You find a realtor and list your house for sale.

Answer 3

well first you need to figure out how much equity is in your house.  Because right now i work for a mortgage company and most of the houses that sell are  30% below market value.

your best bet is to contact a real estate agent in your area he can give me a market analysis of your neighborhood

Answer 4

practically all houses being sold by people not retired have mortgages on them. it's a normal process - you just have to be able to sell the house for more than the mortgage balance or you have to come up with the difference yourself or try and negotiate a short sale with the lender. talk to a real estate agent and get an appraisal on the house and see what the value is compared to your mortgage balance first.

Answer 5

If you want to sell your house without paying off the mortgage the only way feasable is doing an assumption.  The buyer would assume your mortgage and the property.  Lots of mortgages are non-assumable (check your note).  If the mortgage is more than the value of the home it's unlikely anyone would go for that.

Call a realtor.