Legal Question in Real Estate Law in Arizona
I own a condominium and have a mortgage on it. Is there a way to privately sell the condo, using a seller carryback option, and keep my current mortgage so i will have more options to sell?
Asked on 10/15/10, 11:25 am
1 Answer from Attorneys
Donald Scher
Donald T. Scher & Associates, P.C.
Yes, but you must be very careful how you do so. Be sure to retain legal counsel to handle the sale of the condo, so that your interests are protected vis-a-vis your mortgage and collecting the proceeds of the purchase price.
Answered on 10/20/10, 2:25 pm