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re: Owner financing
Posted on 9/28/14 at 2:02 pm to geauxtigers8482
Posted on 9/28/14 at 2:02 pm to geauxtigers8482
Theres most likely a due on sale clause on your mortgage, if the bill is being paid, the bank may not enforce, if theres equity they may call the mortgage due. If you owner finance a primary residence you need pay attention to the new dodd frank BS. If this is the only one you do and have no intention of doing more than 1 in a year theres not much you have to do. I would strongly advise using a qualified attorney to make sure you do this right. You can still do Lease options too
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