Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.
https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

Selling Investment Property for less than mortgage

  • 28-09-2011 12:07PM
    #1
    Registered Users, Registered Users 2 Posts: 402 ✭✭


    I am selling my investment property for 15K less than the mortage redemption value.

    I currently have no income and cant get a loan to cover the shortfall.


    Any suggestions on what I can do.


Comments

  • Registered Users, Registered Users 2 Posts: 1,814 ✭✭✭peteb2


    Have you spoke to the bank? You would have to have their permission to sell the property below the redemption value. Otherwise when you come to closing you will have a problem with transferring the title!!


  • Registered Users, Registered Users 2 Posts: 402 ✭✭Tidyweb


    I have, they told me to get a loan to pay the shortfall.


Advertisement