Does L/O trigger "Due on Sale" clause ???? - Posted by JT

import · June 14, 2000, 1:03pm

Posted by chris on June 15, 2000 at 08:10:20:

JT-

Check out Bill Bronchick’s articles on this site. The links to access them are on the left of the page within the yellow banner. Also perform a search at the top of the page. DOS is a frequent topic here and you will find plenty of posts pertaining to it.

-Good Luck,Chris

import · June 14, 2000, 1:03pm

Does L/O trigger “Due on Sale” clause ??? - Posted by JT

Posted by JT on June 14, 2000 at 13:03:09:

I am working on my first L/O deal and I am concerned.

And Being a “Newbie” should we focus on L/O or “flipping”

Thanks JT

import · June 15, 2000, 8:26am

Re: Does L/O trigger “Due on Sale” clause ??? - Posted by Bert G

Posted by Bert G on June 15, 2000 at 08:26:33:

Technically, yes. But only if the bank finds out about it, and even then chances of them calling the loan are slim. See Bronchick’s articles that Chris mentioned.

BG