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Updated almost 8 years ago on .

Jason May's profile image
Jason May's profile image
Jason May
  • Investor
  • from Baton Rouge, Louisiana
  • Member since Feb 19, 2015
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11
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0
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Jason May's profile image
Jason May's profile image
Jason May
  • Investor
  • from Baton Rouge, Louisiana
  • Member since Feb 19, 2015
Connect
Jason May
  • Investor
  • Baton Rouge, LA
0
Votes |
11
Posts
Buying & Selling Real Estate

Seller financing when I owe the bank a mortgage

Jason May
  • Investor
  • Baton Rouge, LA
Posted

I owe 128k on a mortgage for a rental I have. 

If I want to sell it, can I owner finance?  I.e. Can I negotiate a sales price of 185k and get 10K and get the other 175k over 20 yrs w 5.25% interest?

Would the mortgage holder put a stop to this?

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