land contract

[George P.]

easy question and i do not seem to be able to find the answer (even though i posses google-fu skills).

so, on to my question:

q: if i have a mortgaged property, can i sell it on a land contract??

Some details:
1. outstanding mortgage amount is 40k at 30 yrs.
2. still have to contact the lender (provident) to see if i have a clause in the contract that does not allow me to do that.
3. do not have a buyer, but if the answer is a "yes", will list it on the MLS.