Seller financing while having a mortgage

[John Kaunath]

Hi everyone,

I am selling a house that I bought to live in as a transition house while moving across the country. This house has no equity and is in a volatile market that is heavily influenced by oil and gas prices in west Texas. I am wanting to seller finance I already have a buyer for the house however I have a mortgage on the house. I read that it can be done I'm just wondering if you guys have any advice on what to look for or disclose and what not to. The title company said they will have to pull the title and verify liens which most likely will pull up my mortgage and if the mortgage shows pay on sale does this kill my deal. Thanks in advance for the help.