Due On Sale
– Due on Sale – What is it?
Due on sale clause There’s a due on sale clause in a mortgage, A lot of people think it means that the lender is going to foreclose if you don’t do the right things. The lender is going to call the loan due and payable. What it means is the lender has the right to […]
— There is No Due on Sale Jail
“There is no due on sale jail”, this means that if you do a subject to or wrap around mortgage and do not tell the bank, it’s a civil matter, and the bank can call the loan due and payable. We use Land Trusts to be able to do subject to existing financing transactions and […]