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Why does it say i can sell my fha home and transfer my balance? Which is it? Im nit understanding

by Sherri_734_280 from Mansura, Louisiana. May 24th 2013 Reply


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

The new buyer would "take over the payments" on your existing loan, which means you would "transfer the balance" to them. this would happen, as part of the sale.

May 24th 2013
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Carlos Figueira (carlosfigueira)
#107 ranked lender in New Jersey - 199 contributions

Not sure I understand question BUT with a FHA mortgage someone buying your home may assume the remainder of your loan on its original terms.

May 25th 2013
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