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wallbay1
07-27-2007, 02:49 PM
Does anyone know if they put thier house up for sale do you still make payments on it once theirs a buyer......and they cant back out?

Jim Erickson
07-28-2007, 02:11 PM
You have to make mortgage payments up to the day of closing. Yes, buyers can back out for various reasons.

orlandorealestate
07-28-2007, 05:04 PM
You need to make payments on your mortgage until you go to closing and the mortgage is paid off. I have heard of home sales falling apart at the last minute so make sure you protect yourself and make all of your payments.

FortHoodRealEstate
07-29-2007, 08:55 PM
Keep making your payments. It all comes out the same whether you pay it or not at closing. If you don't pay, and the deal falls apart before closing, you might find yourself past due to your lender. Lenders don't hesitate to post late payments to your credit report. A good credit report is golden. Don't risk your credit rating by not paying.

HomeSurfer
07-29-2007, 10:57 PM
Keep making your payments. It all comes out the same whether you pay it or not at closing. If you don't pay, and the deal falls apart before closing, you might find yourself past due to your lender. Lenders don't hesitate to post late payments to your credit report. A good credit report is golden. Don't risk your credit rating by not paying.
I would have said almost exactly the same thing, word for word.

wallbay1
07-30-2007, 06:56 PM
Thanks you for your quick reply