re: Legaility question regarding selling a house for more than its worth

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A house you are owner financing needs to be sold at a higher price. You are doing them a huge favor.

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People owner finance when they can't get traditional financing. As it is, they get charged a higher rate of interest. and, owners command a higher sales price.

This is why I truly don't understand why anyone does this as a borrower. Spend a couple of years getting your financing in order so you can get traditional financing. Getting owner financing at a higher rate and higher cost is simply going to cause more financial problems for the borrower in the long run.