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What Happens to Your Mortgage When You Sell a House?

Life changes faster than most homeowners can pay off their mortgage. As such, it’s not uncommon for many homeowners to sell a home that still has a mortgage. Since you’ve signed legal paperwork with the bank that says you’ll pay them for the home, what happens when you sell? What Happens to a Mortgage Loan […]

How to Sell an Old House That Needs Work

Ready to sell your aging house? Worried it won’t sell because it needs too much work? When it comes to selling an old house that needs some TLC, competing in a crowded real estate market can be tough. But that doesn’t mean you can’t close a mutually beneficial deal that works for both you and […]

4 Tips for Getting Out of Debt Quickly

Mountains of debt can be paralyzing and overwhelming. It can influence many aspects of your life and make homeownership or the ability to make payments on your house extremely difficult. The best thing to do is to buckle down and tackle your debt. Take the time to sit down and make a plan. Here is […]

How to Prepare to Sell Your House

Sometimes life comes at you in a hurry. A new job, new spouse, sudden change to the family, and many other major events can completely upset the status quo. You might find that you need to move and sell your house quickly. When this happens, worry not. There are a lot of things you can […]

What Is a Condemned House?

A condemned house is a property that a government entity has determined is not safe to live in. In most cases, condemning a house is triggered by a pattern of unsafe housing code violations. No one is allowed to live in a condemned building unless the cited problems are fixed. If the problems are not […]

What Is a Deed in Lieu?

Trying to prevent foreclosure? One of your options is a “deed in lieu.” A deed in lieu is a legal process in which a homeowner decides voluntarily to transfer the title of their property to the lender in order to avoid foreclosure. The lender then has the right to sell the property and recoup the […]

What Taxes Do I Pay When Selling My House?

Selling a house is one of the most important decisions and life changes you can make. Whether you are buying a bigger home because there is not enough space in your current residence or downsizing as your children go off to college, selling a home is a big event. One of the most confusing parts […]

5 Mistakes to Avoid When Downsizing

Are you thinking about downsizing your home? Maybe you’re entering into a different stage of life, or perhaps your home is just too expensive for you. Either way, downsizing your home is a big step. There are some challenges you need to consider when deciding if downsizing is really right for you. Here are some […]

What Are Some Tips for Selling Your Home “For Sale by Owner”?

These days, real estate agent commissions can get expensive — up to 6% of your home’s sale price in some areas. In Tulsa, where the average home currently sells for around $137,000, a 6% realtor commission can snatch over $8,000 out of the average homeowner’s pocket.  Considering the potentially hefty cost of selling a house, […]

What Is the Foreclosure Process in Oklahoma?

Foreclosure happens when a homeowner fails to pay their mortgage payments, and the mortgage lender begins the process of repossessing the home. In each state, different laws and regulations dictate how the foreclosure process works. In Oklahoma, the mortgage lender determines whether the foreclosure process is judicial, meaning the courts are involved, or nonjudicial, which […]