contract for deed
Can you sell a house to someone that you owe a mortgage on and carry a contract for deed, as long as the person is aware of it and she still agrees to sign the contract
contract for deed
Can you sell a house to someone that you owe a mortgage on and carry a contract for deed, as long as the person is aware of it and she still agrees to sign the contract
Re: contract for deed
Contracts for deed and wraparound transactions are the normal methods of doing this. If there is a “due on sale or transfer” clause in your mortgage, the mortgage holder may call the entire note due and foreclose. If Texas Veteran’s Land Board financing was used, very bad things can happen from an attempt to use one of these methods.
http://www.reasonable-doubt.com
Basil Hoyl
Law office of Basil Hoyl
4001 Airport Fwy., Ste. 190
Bedford, TX 76021