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Updated about 6 years ago on .

User Stats

88
Posts
9
Votes
Henley H.
  • Jackson, WY
9
Votes |
88
Posts

Need to pay off the bank for owner carry?

Henley H.
  • Jackson, WY
Posted

We're looking at offering an owner carry financing option for a property we're selling.  I'm familiar with the due on sale clause and wondering if most owners pay off their original lenders to avoid it being an issue, or do they utilize a work around?

Also, do owners typically keep their name on the deed until the note is paid off?  Thanks!