What happens when a house is sold?

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Nyasia Bergnaum asked a question: What happens when a house is sold?
Asked By: Nyasia Bergnaum
Date created: Sat, Sep 18, 2021 5:58 PM
Date updated: Sun, Jun 26, 2022 3:12 AM

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Top best answers to the question «What happens when a house is sold»

When you sell your home, the buyer's funds pay your mortgage lender and cover transaction costs. The remaining amount becomes your profit. That money can be used for anything, but many buyers use it as a down payment for their new home… Your loan is repaid to your mortgage lender.

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