Skip to main content
Logo for REMAX
  • Home
  • Search
    • Search All Listings
    • Featured Listings
    • Search by Feature
    • Email Updates Signup
  • Buyers
    • Buyers Info
    • Featured Listings
    • Buyer Resources
    • Mortgage Calculator
    • Mortgage Prequalification
    • Neighborhood Report
    • Home Search Criteria
  • Sellers
    • Sellers Info
    • Top Home Staging Tips
    • Pricing Your Home to Sell
    • FREE Comparative Market Analysis Request
    • 21 Ideas To Make Your Home More Saleable
    • Neighborhood Sold Report
    • List Your Property with DeLena Ciamacco, Realtor®
  • Media Resources
    • Media Resources
    • Central Ohio Real Estate News
    • DeLena Ciamacco's Monthly Real Estate Update
    • Today's Real Estate News
    • Market Conditions Report
  • Area
    • Ohio Communities
    • Central Ohio Resources
    • Pinnacle Point
    • Highland Lakes Estates
    • Medallion Estates
    • Cedar Run
    • Lake of the Woods
    • Campden Lakes
    • Courtyards at Maxtown
    • Greyland Estates
    • Colts-Neck
  • About
    • Meet DeLena
    • Central Ohio Real Estate News
    • About Our Office
    • Reviews
  • Contact
DeLena Ciamacco
Office:
614.882.6725
Toll-Free:
877.693.SOLD (7653)
  • Home
  • Search
    • Search All Listings
    • Featured Listings
    • Search by Feature
    • Email Updates Signup
  • Buyers
    • Buyers Info
    • Featured Listings
    • Buyer Resources
    • Mortgage Calculator
    • Mortgage Prequalification
    • Neighborhood Report
    • Home Search Criteria
  • Sellers
    • Sellers Info
    • Top Home Staging Tips
    • Pricing Your Home to Sell
    • FREE Comparative Market Analysis Request
    • 21 Ideas To Make Your Home More Saleable
    • Neighborhood Sold Report
    • List Your Property with DeLena Ciamacco, Realtor®
  • Media Resources
    • Media Resources
    • Central Ohio Real Estate News
    • DeLena Ciamacco's Monthly Real Estate Update
    • Today's Real Estate News
    • Market Conditions Report
  • Area
    • Ohio Communities
    • Central Ohio Resources
    • Pinnacle Point
    • Highland Lakes Estates
    • Medallion Estates
    • Cedar Run
    • Lake of the Woods
    • Campden Lakes
    • Courtyards at Maxtown
    • Greyland Estates
    • Colts-Neck
  • About
    • Meet DeLena
    • Central Ohio Real Estate News
    • About Our Office
    • Reviews
  • Contact

Can a Seller Sell a Home for Less Than Its Mortgage?

Yes, in some case you can sell your home for less than what you still owe on the mortgage, but this is complicated and depends on the lender. This situation is known as a "short sale." Sometimes a lender will be willing to split the difference between the sale price and loan amount, which still must be paid. A short sale may be more complicated if the loan has been sold to the secondary market because then the lender will have to get permission from Freddie Mac, the two major secondary-market players. If the loan was a low down payment mortgage with private mortgage insurance, then the lender also must involve the mortgage insurance company that insured the low-down loan.


If you have any questions, please contact our office. Either DeLena or a member of her team will respond fast!

Questions? Just Ask!

By giving us your phone number and email address, you are giving Delena Ciamacco permission to contact you via email or phone.

  • Home
  • | Search
  • | Buyers
  • | Sellers
  • | Media Resources
  • | Area
  • | About
  • | Contact

Website is a service of DeLena Ciamacco - RE/MAX CONNECTION, REALTORS®, 4531 E. Walnut Street, Westerville, OH 43081 | Office: 614-882-6725 | Toll Free: 877-693-SOLD (7653) | Fax: 614-882-6752 | License Number: 367326 | DeLena@delena.com 

Central Ohio Real Estate Search

Featured AgentBest Agent Today

REALTOR® Equal Housing Opportunity
Copyright © 2021 | Information deemed reliable, but not guaranteed. | Privacy Policy
Real Estate Web Design by Dakno Marketing.