Thread: Can I sell their home?

Of course, no problem, if they are the owners. They might have to pay a pre-payment penalty, but other than that, no problem...

Technically it is no problem at all. I can tell you in reality the bank and/or the loan officer is not going to be too happy about it. If they are going to use a mortgage broker, I would suggest being upfront with them about their intentions.

Thanks for the replies. I will pass on the information.

I doubt they are doing this but just in case. If they get an equity loan and then try and do a short sale the bank will probably not look to kindly on approving the short sale.

We have used Matt Painter and Mitch Painter to sell our apartment buildings and some homes in the past. The have done an outstanding job and really go above and beyond.

As the owners they can do what they please. Why they would want to do this is beyond me...Just be sure there is no prepayment penalty.

Home Owners can do any thing what they want and they can live there up to they want to live and sell they want to sale the own home.

Originally Posted by msvirgogrl

I potential client wants to know if they can refi and then put their home up for sale a few months later. Is this possible?

Well, first - of course that is possible.

Second - why?? Why would someone want to refi, just to sell a few months later?? - I have used a similar technique, where I refi'd and then sold on an option - where I held the refi'd note for a year or two, but the fact of the matter is -- I held the note for an extended period of time, not a few months.

I am curious to why they want to refi - unless they are trying to pull $$ out now, with an intention to sell at a higher price. (Hmm, now that I am thinking, there might be some benefits to this technique - maybe.)

Let us know!

Later!

Of course,I can't see any problem since they are the owner but if you gonna sell their house,you need to ask for their opinion about that and deal with it.