Posted by Charles Steed on January 26, 2001 at 15:30:28:
My understanding is you can legally avoid due on sale with a land trust, but I’ve never used it. There are plenty of experts on land trusts on this board. I can’t offer any advice about techniques I’ve not used.
With a wrap where conventional financing is involved (or seller financing for that matter), the original financing stays in place (see my original post). The lender becomes aware of a title transfer usually because the individual paying the hazard insurance (naming the lender as beneficiary) changes. Even so, in my experience, the bank doesn’t get weird about the transfer as long as the payments continue.