Government owned homes

[Monique Howard]

Is it possible to sell a government owned home while still paying the mortgage on it?

[Stephen Barton]

To start off with I am not a mortgage expert or a real estate attorney, but I cannot imagine why you could not sell. A house is a house. I am sure if you look at your mortgage information you might find some clauses describing what you can and cannot do.

Honestly, if you are paying a mortgage- you own the property. It's just not totally paid for yet. So, when you pay off the mortgage you would satisfy your obligation to the ledee which means you will own the property. Your best bet is to call the mortgage company you are working with and find out what your payoff amount is. If the government property is located on an Army base or some military installation then perhaps you will have some guidelines to follow regarding who can purchase the property. Just my two cents worth @Monique Howardand @Account Closed. Great question!