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Buying & Selling Real Estate
Account Closed
  • Hamtramck, MI
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Selling house with a financed roof that has not been paid off yet

Account Closed
  • Hamtramck, MI
Posted Apr 3 2020, 10:13

I've been playing with the idea of selling my house, and I'm sure this is a very basic question but I was not able to find any answers on the BP forum or on Google.

Last year I got a 10 year loan to finance a roof replacement on my house, and now I'm wondering if the remaining balance on that roof loan would prevent me from being able to sell the house until after the roof loan has been paid off? 

Would the buyer's title search company have an issue seeing that there is a roof loan in addition to the mortgage? Or could I still sell the house and pay off the roof loan separately?

Just to be clear, I have been making all my regular payments and there is no lien placed on the house, so it seems like there wouldn't be any issue with the title search. 

Thanks

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