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Updated almost 6 years ago,

User Stats

257
Posts
172
Votes
Kevin Hart
Agent
  • Real Estate Agent
  • Louisville, KY
172
Votes |
257
Posts

seller financing with an existing mortgage

Kevin Hart
Agent
  • Real Estate Agent
  • Louisville, KY
Posted

hey BP'ers, 

i have an off-market deal that i am trying to buy. I'm trying to avoid spending all my cash on a down payment. the seller would be interested in seller financing but he still has a mortgage on the property. the sellers owes about 130k, selling property for 265k. any creative ideas on how to structure seller financing when there is a mortgage present? 

im not sure whats possible without having the "due on sale" clause impacted. thoughts?

  • Kevin Hart

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