When Garber buys your home from you with cash, all liens and mortgages against the property will be paid off as well. The lenders who previously lent the loan for the home, will request that the mortgage be covered before closing. By paying with cash, the existing mortgage will be covered by the cash. This ensures that there will be a clear title at close of the sell after being purchased with cash.
What if I Still Have A Mortgage On My Home
Updated: Jun 13, 2022
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