- Joined
- Aug 10, 2017
- Messages
- 30
hello everyone! So I have been studying some alternative methods of financing a property, one of them is a "owner finance". So I have learned from our friends south of the border to be careful, if the sellers still have a mortgage with a traditional lender, and they then enter into a "seller finance " to me for example that there is a possibility the bank may have a "due on sale" clause that they (the bank) could demand full payment due immediately or they could foreclose on the property. So my question is then, is this the same in Canada? What are some of the other legal issues to doing an "owner finance" or even say a "master lease"? Thank you in advance I really appreciate your input!