Can I do seller financing if the owner doesn’t own it outright?

[Cirilo Villar]

I currently have a property under contract for 700k. It’s a duplex that’s currently producing 3,600/ month. (300 below market rent)

Owner is open to seller financing. I briefly explained it to him and he likes the concept but he’s going to do some research on it.

I’m not familiar with it either but I know it’s a great way to finance a deal if possible.

He currently owes 260 on a note and has a 30k credit line.

Is it still possible to do owner financing event though the owner doesn’t own it outright?