buying a houe and same day providing owner financing .

There is a SFR in california which is currently under forclosure.
I am planing to procure this house (Say at 125k)with all cash and the same day want to sell it to the current tenant with owner financing at (at 200K)

After selling this at double closing I will be the 1st lien holder for a note of 200K at 8% intrest.
Is it legal to do so?


Why are you worried? Are you concerned about the usury laws regarding interest? Or about the double closing?