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Hi, my friend is interested in buying my condo in CA. He will apply for mortgage but I was wondering how can I go through the transaction as I have a payoff remaining on my condo too?
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You should have a written contract; use the standard broker form from the California State Board of Realtors. You should also use an escrow company and title company, which the new lender will require anyway.
Answered on Mar 01st, 2021 at 5:37 AM