OWNER FINANCING OFFER W/ MORTGAGE ON HOME- WHEN?

[Asher Carr]

Hi everyone,

So I understand that owner financing works best if the home is free and clear. However, I was wondering to what extent would you consider to offer that option to a seller that has a mortgage on the home. The big thing is the "due on sale" clause and I get it. I guess I was hoping if there was an story out there where someone made that offer and worked something out with the bank to not call the loan back. Someone told me they reached out to the bank in advance and it was fine, but how often will that happen? Just curious. Thanks.