<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by jram:
Is it legal in the state of Texas to owner finance real estate that has an outstanding mortgage on it?<HR></BLOCKQUOTE>
Yes and it would be called a second mortgage. One way is via a purchase money second and another way is via a land sales contract or contract for deed.
[This message has been edited by HomeGuru (edited October 31, 2000).]