Sub to deal in Oregon

[Christopher Lynch]

Does anyone have experience with sub to deals in Oregon? I have a sweet off market deal where the owner has about $200,000 in equity but owes $208,000 on their current mortgage. The numbers pencil out great with creative finance if I was able to pay the current mortgage and monthly payments on the equity the owner has.

I know the due on sale clause is the biggest concern when transferring title but keeping the mortgage debt in the owners name. Any advice on how to make this deal work would be greatly appreciated.

Also, if it makes a difference the seller is my mom.