selling a home on contract
Can I sell my home on contract when i still have a mortgage on it as long as I stay responsible for the loan and what paper work would i need?
1 Answer from Attorneys
Re: selling a home on contract
Most mortgages have a due on sale clause. In other words, if there is a sale of your home the entire balance of your mortgage becomes due immediately. If you mortgage company learns that you have a contract sale, the due on sale clause may be triggered.