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    riverbedbutter's Avatar
    riverbedbutter Posts: 1, Reputation: 1
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    #1

    Mar 25, 2008, 02:45 PM
    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.
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
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    #2

    Mar 27, 2008, 06:45 AM
    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
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Jun 2, 2008, 03:03 PM
    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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