Only the first option requires a new deed.However, for a note, a more common way is to give him a mortgage to secure the note, and you'd record the mortgage at the court house.

We currently own a 4bdr house, about 370k left in mortgage, retail value ~580-600k, monthly mortgage ~2600 per monthWe would be gone for 2 to 3 years.

My mortgage will be about 3k and I would need to put in about 20k to fix-up the two units and then my mortgage will be paid out by the 2-units.

I have a 2.99% 30 year fixed I would do a lease option or mortgage wrap with for someone with a $480K down payment.

Are you selling for $2.4 or netting $2.4 after paying off a mortgage?

The current mortgage rate on my duplex is 3.5%.So I just don't really know what to do.

Despite mortgage rates being double what they were two years ago, the overall borrowing environment remains favorable for state and local entities.Key initiatives driving this surge include efforts by entities like the Michigan State Housing Development Authority, which recently launched a $425 million bond sale aimed at providing affordable mortgages to over 2,700 families.

The HOA can wipe out the mortgage, but usually the servicer jumps in and pays the HOA.

The location of the lender doesn't necessarily impact your chances of getting a mortgage or the efficiency of the process however, local lenders have a better understanding of the local real estate market and regulations as they are more familiar with appraisers and other closing professionals in the area which can expedite the process and you will get a more personal touch and easier communication.

My remaining mortgage balance is around $94k, so you can see that I’m already facing a significant loss in selling this property.