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What Is A Mortgage Lender

Kevin Said:

How do you sell a house when a family member is the lender and your mortgage is not paid off?

We Answered:

The same thing that happens when you get a mortgage from the bank. You sell the home and the proceeds are used to pay off the unpaid mortgage.

Your father should record this mortgage with the county.

Tommy Said:

Am I entitled to a refund of my deposit when a mortgage lender says he cannot finance me?

We Answered:

no. when he says "I cannot finance you" he really means you are a bad risk and are unfinancable, if that's a word.

Discuss It!