Section Two Financing (Pace Morby)

[Brady Ascheman]

Hi everyone, I recently watched the BiggerPockets Podcast (300 Doors ALL Through Creative Financing w/ Pace Morby) I'm on my 5 time watching it trying to comprehend everything that Pace does. I was just curious if anyone on here has bought using section two and taken over the seller mortgage before. Some questions that come to mind. When you do this do you actually pay the bank the mortgage amount or is that still the responsibility of the seller of the home? If the case is that you pay directly to the bank wouldn't the bank find out every single time you did this and call due on sale? If the seller of the home still is the one that pays the mortgage and you just pay the seller then wouldn't you have to worry about the seller not paying the mortgage payments and then the bank would foreclose? Comments would be much appreciated if anyone has experience in this field please connect with me I would love to talk more personally with someone about this. Thanks so much