re: Selling a house Bond for Deed

Do you currently have a mortgage on the house? If so, your mortgage has a clause that says they will not allow you to do this. If your current mortgage holder finds out they have a right to accelerate your current loan. That being said...I have done about three of these with no problems. These days lenders dont care as long as they are getting the monthly payment. Usually they find out cause the "buyers" payments go through a third party escrow company who makes the payments to your lender...the lender notices the checks coming from a third parties escrow account and they start asking questions or at lease in theory....like I said, I've never had a problem.