Yes, when you sell your home you can structure a down payment and payoff date to your liking.

We do many different types of transactions here: Where, you can sell your home with an underlying mortgage. If you’ve fallen behind on your loan payments but aren’t underwater yet—meaning the fair market value of your home is greater than what you owe on your home loan—you can sell your house & use the profits to pay back your lender.

Deeds say, “for consideration” and have a dollar amount to make the contract valid. This procedure started in our country to show that there was something as a valid consideration in exchange for the document to take place. It is required to have validity in real estate contracts, as per law, it is a formality. One Dollar is the at-least nominal consideration, which is all that the law requires.

The easiest way to remove a vendor’s lien is to pay it off. There are some liens that can be removed because of mis-classification and because of homestead law. Contact us to see if you are liens or judgments can be removed without payment. In order to get any lien removed from the public record, after meeting the requirements of the lien, a release must be subsequently filed. Without a formal release recorded in county records, the lien can still cloud the title.