I want to owner finance my house to someone and I have a mortgage on it now. Can I do that simply and legally.
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I want to owner finance my house to someone and I have a mortgage on it now. Can I do that simply and legally.
Welcome to AMHD. Review your promissory note and mortgage; look for what is called, "a due on sale clause". Check this: Due-on-Sale-Clause
You can not directly sell it, because you would have to pay off your mortgage, you can do it under a "contract for deed" or a lease to own.
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