Posted by David Alexander on June 21, 1999 at 18:26:13:
Unless for some reason your mortgage company has a reason to check the title, I doubt they would ever know. As far as calling the loan, probably want happen unless the payments aren’t sent in, in a timely manner.
Sounds like you have a decently sophisticated buyer. You could probably accomplish the same thing buy doing a performance mortgage. Don’t really know which way would be better.
Personally, I might look for another buyer, selling with Owner financing, you hsouldn’t have a problem, finding one on your terms.