Legal Question in Real Estate Law in Texas
Legal Homeowner
If I am still paying a mortgage payment on my home to a bank, can I legally sell my home to someone else? Would a handwritten notorized document stating that the property was sold to a third party individual, hold up in a court of law?
Asked on 4/29/09, 2:03 am
2 Answers from Attorneys
Cheryl Rivera Smith
The Smith Law Firm
Re: Legal Homeowner
Unless the bank consents to an assumption and agrees to release your liability, you will remain personally liable on the mortgage.
Answered on 4/29/09, 6:26 am
David Leon
David L. Leon, P.C.
Re: Legal Homeowner
Yes, you can sell your home. The new buyer (or the new buyer's financial institution) will need to pay off the old lien. DON'T do this yourself.
Answered on 4/30/09, 12:10 am
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