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Real Estate Forum on Selling Mortgaged Property

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Q: Before taking loan on mortgaging, it is crucial to understand its pediculous.
Latest Answer: A mortgaged property cannot be sold without the permission of the lender to whom the property is mortgaged, especially if the loan is in default. If the loan is not in default, the property owner can sell the property and get his loan transferred to the buyer, by keeping the lender in the trap.
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