Sub-dividing house & horse property

[Dan Lukens]

OK BP Team I need some insight. I have a seller that wants to sell his 2.4 acres of land on a note, Great right??? 

A few negatives

-The 2.4 acres is land locked, it is sandwiched between two different sub-divisions with existing homes.

-When I look up the land on the county website the land has the same tax ID as the sellers house, the seller wants to stay in his home and he still has a mortgage.

So why would I want to by this land?? My house is on the boarder of the property, and some of neighbors have expressed interest in purchasing part of the land directly behind their home if I can do all the paperwork.

Is that the best use for the land? Is there another good use of the land that I'm not seeing??

What is the process or best way to separate the land from the sellers home without impacting his current mortgage?? My plan is to have the entire process worked out, so all the seller has to do is sign on the dotted line. I'm just having trouble getting the information to get the process started.

Thanks in advance for the help!!!!