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Selling a house when it has only been 1 year.

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F

flower0715

Guest
First let me extend my gratitude for my your 1st response.
Brief caption:(PA resident) Married, 2 kids, in the process of separation/divorce. Seeking legal advice our financial responsibility about a house just purchased 1 yr ago.
Option 1: Sell it
Option 2: Refinance if qualified, to change name on mortgage.

Can we sell the house when it has only been 1 yr since we purchased it. I was under the impression that we had to be living in the house for at least five years before we could sell it. Is it very costly to sell a house? Please explain.

[Edited by flower0715 on 03-25-2001 at 10:34 AM]
 



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