due on sale clause exemption? - Posted by Nadine Arriola

import · May 8, 2003, 4:29pm

Posted by John Merchant on May 09, 2003 at 11:46:11:

Within the last 3 weeks. And he cited the Fed Law, by Section # so he’s done it all for you.

import · May 8, 2003, 4:29pm

Posted by Nadine Arriola on May 08, 2003 at 16:29:26:

Hi , I am wondering if quit claiming a property to your child violates the due on sale clause, or is this an exemption to the clause. Thank You, Nadine

import · May 8, 2003, 5:09pm

Re: due on sale clause exemption? - Posted by Nate(DC)

Posted by Nate(DC) on May 08, 2003 at 17:09:30:

I believe there was a post on here recently that transfers between spouses, or a parent to child, were exempt from the DOS clause. I do not have that post handy, nor do I have time to find it. You could try doing a Google search for the Garn-St. Germain act and read the law yourself, to see.

NT