quick question about seller financing

[Michael Grigorashenko]

I'm reading a book called investing in real estate with low and no money down. Btw phenomenal book, there's a question I have.   When using seller financing method to buy a house and the house has a unpaid mortgage. The bank can ask me (the buyer) to pay in full, the mortgage that the seller (previous owner) didn't pay off, or the price that me and the buyer agreed upon?

[Tommy Adeoye]

@Michael Grigorashenko 

In addition to @Jon Robinson 's response.  Another area to look into is

- The mortgage due-on-sale clauses : The lender for whatever reason , usually includes a "due on sale" clause  in the lending contract which simply ensures that they (the lenders) are paid off when the properties underlying those mortgages are sold or transferred . Lender may accelerate the mortgage and demand repayment. You want to make sure that is not included in the seller's contract prior to executing the contract for deed. 

Don't let that deter you. You are always one creative finance option away.