Back to Canada forum

Selling a house while in mortgage?

Posted in Canada forum

Hey guys! I have a small concern here. Is it possible to sell a house while in mortgage? A friend of mine is in a bit of financial trouble and his only way out is to sell his house. The problem is that the house is in mortgage he took from a private mortgage lender, . Is it possible for someone to buy the house with mortgage for low price and pay rest of the mortgage amount. Or is it like he can never sell the house before paying off the mortgage? Thanks in advance for any advice.

Post a reply