Do you have to disclose owner finance debt to a bank?

[Blaine Alger]

I am in the process of getting pre approved for a loan and I’m curious whether or not I have to claim the debt on a rental property that I bought using  owner finance.

I realize it is somewhat a grey area but from my perspective, it seems like it would be private debt and would not show up on the bank side so there is no need to disclose it.

Furthermore, my bank already ran my credit check and said the mortgages did not show up.