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Updated over 5 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Yuma, AZ
45
Votes |
637
Posts

What happens if you refinance and then sell?

Account Closed
  • Rental Property Investor
  • Yuma, AZ
Posted

If you refinance a property and then sell it, Who pays the interests for refinancing? You or the new owner?

Most Popular Reply

User Stats

13
Posts
3
Votes
Henry Catalan
  • Lender
  • California
3
Votes |
13
Posts
Henry Catalan
  • Lender
  • California
Replied

Sup Fili, Not sure if I completely understand your question?

Simple answer.

When selling, it's accustomed the seller payoff any existing liens to deliver equitable title to buyer. That includes any interest owed on the debt.

The fact that the seller refinanced before selling, is irrelevant to buyer in a traditional sale. Seller owes what they owe.
  

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