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Anyone here work for standard mortgage in Baton Rouge?

Posted on 6/3/19 at 6:25 pm
Posted by Mud_Till_May
Member since Aug 2014
9685 posts
Posted on 6/3/19 at 6:25 pm
My mortgage was purchased by them. If I sell my house how fast do I have to pay back the money?
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53814 posts
Posted on 6/3/19 at 6:26 pm to
quote:

If I sell my house how fast do I have to pay back the money?

Are you upside down baw? They'll write one check to the mortgage company and one to you if not.
Posted by Evil Little Thing
Member since Jul 2013
11637 posts
Posted on 6/3/19 at 6:27 pm to
What do you mean? If you owe them money, they hold the deed. You can’t sell the house without paying them back at closing.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53814 posts
Posted on 6/3/19 at 6:31 pm to
I could imagine the mess that would cause if they gave your average American all 300k or whatever when they sold their house
Posted by Sidicous
NELA
Member since Aug 2015
19296 posts
Posted on 6/3/19 at 6:31 pm to
quote:

If I sell my house how fast do I have to pay back the money?
What is "at the closing", Alex?
Posted by Mud_Till_May
Member since Aug 2014
9685 posts
Posted on 6/3/19 at 6:31 pm to
I owe 120 on the house and its worth mid 200s. Ive never sold a house just wondering how that works.
Posted by geauxfish24
Member since Feb 2008
2159 posts
Posted on 6/3/19 at 6:32 pm to
You ain’t getting any money from that baw
Posted by Mud_Till_May
Member since Aug 2014
9685 posts
Posted on 6/3/19 at 6:33 pm to
I wasnt sure how quickly I had to pay the mortgage back.
Posted by Kcrad
Diamondhead
Member since Nov 2010
68344 posts
Posted on 6/3/19 at 6:34 pm to
You have no say so in this.
Posted by Tiger Prawn
Member since Dec 2016
26318 posts
Posted on 6/3/19 at 6:37 pm to
Title company handles the mortgage payoff for you at closing. You leave the closing with a check for whatever amount is leftover after your mortgage payoff and real estate agent commissions
Posted by el Gaucho
He/They
Member since Dec 2010
60085 posts
Posted on 6/3/19 at 6:39 pm to
Sad that so many of y’all have all this debt

Y’all need Dave Ramsey in yalls lives
Posted by Mud_Till_May
Member since Aug 2014
9685 posts
Posted on 6/3/19 at 6:40 pm to
Thanks for clearing that up
Posted by TheMailman
Member since Jul 2017
1550 posts
Posted on 6/3/19 at 6:40 pm to
I often wonder how some people make it through life
Posted by Royal
God's Country
Member since Apr 2009
1051 posts
Posted on 6/3/19 at 6:42 pm to
The same way as when you bought it
Posted by Sidicous
NELA
Member since Aug 2015
19296 posts
Posted on 6/3/19 at 6:43 pm to
quote:


Y’all need Dave Ramsey in yalls lives
Not even Mrs. Dave Ramsey says that!
Posted by Ed Osteen
Member since Oct 2007
59343 posts
Posted on 6/3/19 at 6:43 pm to
Simple, just resell the house to yourself so you get to pocket the money owes
Posted by tgrbaitn08
Member since Dec 2007
148031 posts
Posted on 6/3/19 at 6:45 pm to
quote:

I wasnt sure how quickly I had to pay the mortgage back.




At the closing retard
Posted by NPComb
Member since Jan 2019
28719 posts
Posted on 6/3/19 at 6:48 pm to
Back in the day was loaded with milfs that were DTF... or so I heard.
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 6/3/19 at 6:51 pm to
quote:

worth mid 200s.


Must suck to be poor
Posted by ellishughtiger
70118
Member since Jul 2004
21182 posts
Posted on 6/3/19 at 6:54 pm to
I live next door to a guy who’s father started Standard Mortgage Corp. The family is loaded. That’s all I got.
This post was edited on 6/3/19 at 6:54 pm
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