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Reselling Your House

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smudge 11 | 14:05 Mon 18th Aug 2014 | Business & Finance
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is there any circumstances when your mortgage company would buy your house back if asked to.
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Avatar Image ubasses
As far as I am aware Mortgage Companies do not buy houses only lend people the money to do the purchasing. They would repossess if default on the Mortgage but would put it on the open market, sell, take what they are owed and give the owner the balance less any fees.














14:11 Mon 18th Aug 2014
Avatar Image Canary42
Very unlikely.
14:20 Mon 18th Aug 2014
Avatar Image factor-fiction
It's called repossession I think
17:40 Mon 18th Aug 2014
Avatar Image ToraToraTora
they won't "buy it back" as they never sold it. They may repossess in order to sell and get their money back if the morgage is defaulted on.
15:25 Tue 19th Aug 2014

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