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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.