How to trade my house for a bank owned house?
I found a bank owned property but I cannot sell my house. Is it possible to negotiate with the bank by offering my house plus cash and acquiring a mortgage through the same bank that owns the property?
Public Comments
- You can try. I doubt a bank wants to get rid of it enough to take on your house to do so. They aren't in the real estate business
- This is not the way the housing system work in the United States. You don't have to sell you current house, you may keep it. You could sell it if you desire to sell it in order to purchase a new house. You could rent or lease it to a tenant. Trading in one house for a new house does not work in the United States. Banks and lenders do not take trade ins as do car dealers or RV dealers. I hope this has been of some use to you good luck. "FIGHT ON"
- Can always try, even though it's unlikely.
- i'm highly doubting it. banks don't want to acquire real estate. they want to sell loans. this plan would simply give them another home to sell.
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