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I recently had to refinance my home due to divorce to put it in my name only. I had to do an fha loan due to lower income. I have

Lived in the home for 12 yrs with spouse am I able to sell my home for more than was financed for by begood6760350 from Hermitage, Pennsylvania. Aug 14th 2014 Reply


Steven Ceceri (123LoanYes)
#12 ranked lender in Rhode Island - 723 contributions

Selling your home for more than you owe is always a good thing and there are no restrictions on this with FHA Insured Loans, so I would discuss some options with local real estate professionals to see who you are most comfortable with helping you with the sale of your home! Good Luck!

Aug 14th 2014
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

You may sell at any time. You will have no capital gain tax on up to $250,000 increase in the sale price over your basis (purchase price).

Aug 15th 2014
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MIKE CONVIN (mconvin)
#6 ranked lender in Delaware - 202 contributions

hi there: as stated above, selling your home more than what you owe is an advantage for you (equity). If you need assistance in marketing your home, be glad to help with our system we help homeowners or real estate agents. no cost on your end. Mike (703) 505 5300...Lending Nationwide NMLS 754875

Aug 15th 2014
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Absolutely.. your home is worth what it is worth.. regardless of what is owed.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Aug 15th 2014
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Certainly, there are no restrictions. However, keep in mind that you will have some transaction costs as the seller of the property. A good Realtor will be able to help you work through those costs, or if you have a buyer already lined up, check with a local real estate attorney or title company about what your costs will be.

Aug 15th 2014
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Sean Young (SeanYoung)
#1 ranked lender in Colorado - 1,112 contributions

Absolutely, it's the best way to sell.

Aug 17th 2014
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