Land Contract when owner still has a mortgage
Hey guys and gals,
I have found an off market quadplex where the owner is interested in selling. My only concern is that the person who has owned this property has only owned it for 12 years so I am sure he has a decent sized lien left on his property. My concern is that the lien follows the property and not the person. Does anyone have any experience in dealing with a seller financed deal where they still have a mortgage? Thanks
Justin