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-   -   Owner financing (https://www.askmehelpdesk.com/showthread.php?t=198577)

  • Mar 25, 2008, 02:45 PM
    riverbedbutter
    Owner financing
    I want to owner finance my house to someone and I have a mortgage on it now. Can I do that simply and legally.
  • Mar 27, 2008, 06:45 AM
    George_1950
    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
  • Jun 2, 2008, 03:03 PM
    Fr_Chuck
    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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