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I Own A Mobile Home That I Got A Loan Against. Can I Sell This Home, If I Pay Off What I Owe When I Sell It?

I own a mobile home.
I got a loan against it.
I owe $12,000 still.
Can I list it for sale, even though I owe on it?
or will I get in some trouble for trying to sell when I owe on it?
I plan on the bank being paid off with the money from the sale.
thanks

This entry was posted on Wednesday, September 30th, 2009 at 2:00 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “I Own A Mobile Home That I Got A Loan Against. Can I Sell This Home, If I Pay Off What I Owe When I Sell It?”

  1. Sure you can sell it. People sell homes and cars all the time that they still own money on. You pay off the loan with the proceeds. But if you can only sell the home for $10,000, you still have to come up with $2000 cash yourself to pay the bank off.

  2. make SURE of the payment you receive first.nb nb nb
    then ok, pay off bnk and balance is yours.

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