Posted by JPiper on December 12, 2000 at 17:02:40:
My non-lawyer opinion would be that deeding to a partner would trigger the DOS clause. You could deed this property to a trust…and then assign a percentage of the beneficial interest to the partner. The transfer would be out of the view of the lender.
JPiper
due on sale clause - Posted by brad
Posted by brad on December 12, 2000 at 13:48:11:
I just closed on a house with traditional financing and I want to add a partner to the deed. Would this addition violate the due on sale clause? Do I have to disclose to my lender that I am adding someone else to the deed?
Bradley