Seller Financing with Blanket Loan

[John Matthews]

Hey all,

I tried to find the answer to this elsewhere on the forums, but was unable to find my answer, so here goes:

If a seller is selling individual properties in their rental portfolio, all covered by one blanket loan, can they sell the individual homes on seller finance terms? If so, how does that work? 

If not, can they be sold subject 2 while keeping the existing blanket loan in place?

If not, is it possible to buy the entire portfolio subject to the existing blanket loan in place?

Any help is appreciated!