Does a quick sale have to be approved by the mortgage company?

If you are referring to a short sale (selling for less than what is owed), then yes, the mortgage lender must approve the transaction before it can close. Without lender approval, the sale cannot proceed and the debt is not released. In Crystal River and throughout Citrus County, Florida, short sales do occur, particularly with properties that have been on the market through shifting economic conditions. The approval process can take weeks to months depending on the lender, the number of lienholders, and how complete your hardship documentation is. If you owe less than the sale price, a standard sale does not require lender approval beyond the payoff at closing, which is routine. Either way, working with a Florida real estate agent experienced in distressed properties and having a real estate attorney review your contract will help you avoid costly mistakes and misunderstandings with your servicer. Kevin Neely & Kaitlynd Robbins | K2 Sells

If you owe more than your home is worth or need lender concessions, yes the lender would need to approve a short sale. If you have equity and can pay off the loan in full, you can sell quickly without bank approval.

I would recommend reaching out to your mortgage company to see if this is an option within your loan. The challenge will be that they will need to qualify for the loan. You do not want to simply have them make payments, because you are still responsible for the mortgage. Also, talk to a local real estate closing attorney to help facilitate the details and be sure it is done legally, or it will come back with repercussions that will not be good!

I recommend reaching out to your mortgage company and ask them what the options available to you would be. If they would allow them to assume your note they would need to be approved. Please note that does not cover any additional costs that would allow you to make a profit on your home. If they were going to pay additional costs to the current loan that would still be a separate loan or cash payment. Please also ensure all your paperwork is legally documented. I would recommend speaking to a real estate attorney or real estate agent that specializes in short sales.

Most mortgages are not assumable so you will need to contact your lender in advance.

Do you mean a short sale? If so, yes.

Are you talking about loan assumption or a mortgage wrap/subject to ? If its a wrap, its advised to speak to attorney about it. If its an assumption, speak to your lender about it.