Triggering a due-on-sale clause may not be illegal or immoral, but concealing the fact that such a clause has been triggered could possibly be both. People who are trying to get around due-on-sale clauses often lie to lenders or insurance companies, or ask others to do so. If you cannot disclose it, it’s probably wrong.
LET’S CLOSE THIS DEAL! Here are some common questions when we get near the closing table and ready to close on your new property.
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If you’re thinking of settling down in Fort Wayne, you can rest assured your children’s education will be in good hands. To learn more about this town as well as the homes for rent and sale in the region, just talk us. We are family owned, locally owned and highly knowledgeable,. We are happy to help you find the right home for you and your family. With our help the perfect home is never too far away.
A due-on-sale clause is a clause in a loan or promissory note that stipulates that the full balance of the loan may be called due (repaid in full) upon sale or transfer of ownership of the property used to secure the note.
Hard Money Terms for Investors Our primary goal is to cash out when we sell- not be the bank. However, in some situations we can finance your purchase until you can refinance or pay off the balance. By thinking outside the box you can get a great deal without a traditional bank loan. TERMS […]