FAQs: Austin, TX Selling FAQs Some Frequently Asked Questions about Selling a home in Austin, Texas. 6. I owe more on my mortgage than I could sell the house for. What can I do? You will need to speak with your lender about whether they would be willing to do a “shortsale” on the property, meaning they would allow you to sell for more than what you actually owe. You will need to make arrangements on how the lender will be paid on the difference between the sale price and owed amount.

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