Can I do owner financing on my house?

The renter of my house in CA proposed to purchase the house with owner financing. I am not sure I can do it since I still have a sizable mortgage on it and I won't be able pay off at this time. Can I still do owner financing for them? Thanks

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是的。请教槑妹妹,她总是这么干 -Naive2- 给 Naive2 发送悄悄话 (0 bytes) () 04/01/2012 postreply 08:28:20

Do not do owner financing. Why invite trouble when you can colle -texastrader- 给 texastrader 发送悄悄话 (0 bytes) () 04/01/2012 postreply 09:21:58

No, you cannot offer owner financing. -Casabella- 给 Casabella 发送悄悄话 (869 bytes) () 04/01/2012 postreply 13:33:57

I think the same way -houren- 给 houren 发送悄悄话 (145 bytes) () 04/01/2012 postreply 13:45:34

They also like us to consider lease to own -houren- 给 houren 发送悄悄话 (32 bytes) () 04/01/2012 postreply 13:48:25

Not sure about your financial situation -Casabella- 给 Casabella 发送悄悄话 (516 bytes) () 04/01/2012 postreply 13:59:09

the tenants said they would assume the day-to-day -houren- 给 houren 发送悄悄话 (167 bytes) () 04/01/2012 postreply 14:26:55

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