Why is a refinanced home different than original mortgage ?

Question by zuesinhimer: Why is a refinanced home different than original mortgage ?
I refinanced last year to keep from losing the home..I am in Fl..I want to sell it but the realestate agents want so much..I would make NO profit..can I do it myself safely?I only want out at this point..from another answer I understand if its refinanced .they can even come after my Bank Account,,,

Best answer:

Answer by daeve930
You can sell the house yourself, but I would do that as a last resort. You’ll probably waste time on unqualified shoppers who look at homes for entertainment. Any time you’re not home, your house is basically off the market. You’ll be home when strangers come through your house. And you’ll be there, so they’ll be inhibited about looking in closets and stuff. You seldom save any money being a For Sale By Owner (we call that a FISBO). You don’t cut your own hair, I’ll bet, and that grows back in 6 weeks. Do you really want to trust the sale of your biggest asset to someone who doesn’t have a clue about the process?

What do you mean “I understand if its refinanced .they can even come after my Bank Account,,,”? There’s no difference between an original purchase money mortgage and a refinance that would mean they can’t get the money owed from somewhere other than the home. The lender has the same recourse on any real estate loan. A second mortgage holder would have to defer to the first. But a refi or purchase…they’re the same once the loan is closed.

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