I have a mortgage on a house, along with a Home equity loan. Can I do a land contract with my renter?
Written By: admin on July 21, 2009
One Comment
She wants to buy it, but can’t get a loan. She’d like do to a land contract. BUT, since i have a Mortgage, in order to do a land contract, wouldn’t i have to pay my mortage and HE off? Doesn’t the renter become the owner when the land contract is done? Which means, I’d have to pay the mortgage and HE off in order for her to have a clean title?
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