Ep 16 - Grant, Teach Me Something!!!
Due-On-Sale Clause : Ep 16 - Grant, Teach Me Something! w/ Grant Kemp & Ryan HarperCreativeCashflow.comwww.propelio.comCheck out propelio.com for investor websites, MLS comps, and motivated seller lists.Start off at the beginning of #GTMS: https://www.facebook.com/propelioapp/videos/1957216864553062/Posted by Propelio on Wednesday, March 14, 2018
The Due-on-Sale Clause is one of the most important things you’ll need to know about when you get into seller financing.
Pretty much all mortgage loans made in the USA by institutional lenders contain a Due-on-Sale Clause.
Basically, it states that if the seller sells their property subject to, the transfer of the deed triggers this clause and the bank has the option to require the mortgage loan to be paid in full – right away.
However, this rarely actually happens – and in this video I’ll explain why.
I’ll also tell you exactly how the Due-On-Sale Clause works, how you can handle it if the clause IS triggered.