Suggestions

:speech_balloon:

Selling a house that is underwater should payoff the mortgage in it's entirety

When we sell a house that is underwater on it’s mortgage, the mortgage continues on after the home is sold. Certainly in the US, and I would imagine jurisdictions, this would not be allowed. The balance of the loan should probably be paid from other investments at the time of the sale.

1 vote

Tagged as Suggestion

Suggested 26 March by user Shawn S