Can I do seller financing after refi?

[Jonathan Tavarez]

Hi BP family,

I have been wondering; if I have a house and I get refinance with a bank at 80%, can I then sell the house to someone else with seller financing?  In my head the refinance is just a loan with property as collateral so as long as I pay the bank the 80% in the pre-determine amount of time (note) whats stopping me from going to someone else and selling the house with lets say 5% down payment and use the payments from the seller financing to pay the refi.  Is there something legal and very fundamental that I'm missing here?