I would like to find out if seller financing can be done on a property that still has a mortgage? If so, is there any differences in the process?
Thanks for sharing that! I will continue to do more research
All good information. I really do hope that the bank doesn’t exercise that option. Though my goal is to be able to refinance 6-12 months after, if interest rates are favorable
Yes, this can be done and it is called and AITD or All Inclusive Trust Deed. I am not sure about the process of originating such a note. Kyle does offer some good words however, yes if the underlying lender (bank) finds out that you have created the AITD on the home, they can call the loan. Good luck with your endeavors.