Updated about 11 years ago on . Most recent reply
owner financing
question? Can you owner finance your property if you still have a mortgage on it?
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Jon Holdman
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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
#3 Real Estate Deal Analysis & Advice Contributor
- Rental Property Investor
- Mercer Island, WA
Yes you can do it. Almost certainly you will violate the due on sale clause in the existing mortgage. I don't know of any owner financing technique that doesn't. Subject to, wrap mortgage, a lease longer than three years or an option all violate most due on sale clauses.