Updated almost 10 years ago on . Most recent reply
owner finance
can you sell a single family home with it being owner finance without the home being free and clear?
Most Popular Reply
You can BUT there is most likely a clause in your loan that says "Due on Sale"
Meaning that the bank MAY tell you that since you sold the property then you have to pay the rest of your mortgage or be foreclosed.
I know people that do it anyways and none of them have had that happen to them but just know it is a possibility.
You might want to look into a lease-option.