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Month: February 2019

Mortgage with residual debt

Mortgage with residual debt

Not a pleasant situation; sell your house and leave a residual debt. What now? Can you get a new mortgage now for a new home? And how do you pay the residual debt? We have sorted out everything about a mortgage with residual debt. What is a residual debt? Is your home now under water, so is your mortgage debt higher than the value of the property? Then it is to be expected that if you sell the house now,…

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