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Updated over 7 years ago,
Owner Financing while already having a mortgage
Hello,
I got an offer on a two-family that I own. The offer was made so that I would become the mortgagor to them, while already being a mortgagee with my lender. Seems weird and wondering if it's legal.
I had an attorney tell me there was too much liability on my end, but wanted to run it by the BP family as well. If someone has an idea of if this would work or not, I am happy to share the P&S.
Thanks!