Hello, can someone explain to me in basic terms how people sell their homes while still owing on the mortgage? I understand the sale covers the remaining mortgage but you still have lawyer fees and closing costs of the new place and how do you time it so you aren’t homeless in between? And is it even worth it with the market in the toilet the way it is? I know people do it all the time but I just don’t understand how it works
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source https://www.reddit.com/r/RealEstate/comments/1t82wov/house_selling_while_still_in_mortgage/
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