Can I carry the note if I still owe on my house? - Posted by Jesse

Posted by River City on April 20, 2005 at 07:08:42:

Read your loan papers, in particular the mortgage or deed of trust or security deed. Most have a statement about a due on sale clause, which would prohibit you from selling your home and carrying a Note. If the lender discovered this, they have the legal right to call the loan due an payable in full.

Can I carry the note if I still owe on my house? - Posted by Jesse

Posted by Jesse on April 14, 2005 at 17:48:23:

Can I ?carry the loan? for a prospective buyer even if I owe money on the house? Any advice about how to do this, or if it is legal would be great. Thanks, Jesse