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Questions About Selling With Existing Financing
Understand what to ask before considering a sale where existing financing could remain in place.
Before you decide
Understand your next step
If a proposal involves leaving an existing loan in place, ask your lender and an independent real estate attorney to explain the consequences before signing. Do not assume a transfer of the property also releases your loan obligations.
Ask about lender approval requirements, due-on-sale provisions, payment servicing, insurance, default remedies, and how the seller will know payments are current. A proposal should address these questions in writing.
You can share your situation with Red Clay Capital, but this page is not a promise that a particular financing structure is available or appropriate. Compare any proposal with a sale that pays off existing debt.
Take the next step at your pace
Understand the process, compare your options, or tell us about your property.