Land Contract and Due-on-Sale clause - Posted by Tom A.

Posted by Bronchick on December 07, 1999 at 18:04:18:

Yes, it will trigger the due on sale in most cases. It is not explicitly so stated in the FNMA mortgage, and it is up to the opinion of the lender, but court cases generally have ruled that a land contract is a “transfer” within the meaning of the clause.

Land Contract and Due-on-Sale clause - Posted by Tom A.

Posted by Tom A. on December 07, 1999 at 17:42:05:

Will a land Contract, or Installment Land Contract as it is called on some states, violate the Due-on-Sale Clause?