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Owner Financing with a mortgage is this possible

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Icon Mini Profile harley400086





Joined: 28 May 2011

Posts: 1

1.00 Dollars($)
Post Posted: Sat May 28, 2011 10:46 am    Post subject: Owner Financing with a mortgage is this possible
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Hello my question is if there is a small mortgage on a house can you still do Owner Financing?

Second question : I'm trying to sell my house "as is" to the tenant in the house. I can not find any information on that subject.

Thank you
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10423
Location: Alaska
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Post Posted: Sun May 29, 2011 9:40 pm    Post subject:
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Hi harley!

Welcome to forums!

If there is a mortgage on the property, then you may not be able to do an owner financing. They lender may call the loan due immediately. You should contact a real estate broker and he may let you know more about selling the property "as is".

Feel free to ask if you've further queries.

Sussane
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