Is it possible to sell a home that has outstanding mortgage payments? (Consultation of Carla Domínguez)
Responds Ferran Font, director of the Cabinet Studies of Pisos.com
Yes, it is possible to sell a home that does not have all the mortgage payments paid, in fact, it is quite common. If only they could sell the houses completely paid, there would be a problem of shortage of stock quite important, because the offer would not rotate enough. In the simple note requested at Property registration corresponding, will appear the outstanding debt, that the bank that finances the buyer will be in charge of liquidating. With the sale, not only will you get enough capital to pay off the mortgage, but the seller usually makes a profit or goodwill. Currently, we are in an expansive moment of housing prices, so this operation could yield an interesting return.