One of my relatives has 4 condos in BOSTON, all have mortgages and are rented now. This relative says he cannot sell one of his condos to buy a modest house in cash in a rural area to his parents, for lesser than the value of his condo.
Is it true that a condo cannot be sold if it has a mortgage on it? I have no idea about it.
Thanks for the information
Read more: Selling a condo, is this true?
