Originally Posted by Fr_Chuck
You can not owner finance a home you own a mortage on. The current loan you have has to be paid off. A true owner finance would have you signing the deed over to them, and you beome the lien holder, this is not possible or legal to do without you paying your mortage off first.
You can sell it on a contract for deed or a lease to own, in which case there is no closing and no transfer of deed, merely a contract that says you will give them the deed once they have paid a certain amount of money.
So you are way ahead of yourself, since what you want is not possible.