Swapping is possible even without equity

Owners do not have to have their properties paid off in order to be able to swap, contrary to popular belief. However, owner will have to be able to qualify for a new loan on the property they are swapping for. More info at How to swap... no equity

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Top Featured Listing

ID: 10395 Fantastic Fishing!! Why build? Move in today! New Construction, Fully furnished			$449,000 Active
featured	Single-family > Homes for trade Panama > Santiago Fantastic Fishing! Close to Coiba and Hannibal Bank..the best marlin fishing in the world! Perfect "package" deal for a... More Info	Will swap for: in: Florida, > open to all offers Most interested in swapping for comparable in the Florida... More Info

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Did you know that....

When swapping existing mortgages will be paid off at closing. Since property swap involves party A buying a property from party B party A's mortgage will be paid off from party B's proceeds, while party B's mortgage will be paid off from party A's proceeds. Because most transactions are financed actual funds are coming from the mortgage companies, plus equity that either party had, (if any).