Posted by Tom (GA) on December 04, 2001 at 08:16:02:
No.
Due on sale/ Lease options - Posted by Walt
Posted by Walt on December 03, 2001 at 21:33:57:
Does selling by way of lease options help you get around the due on sale clause of an existing mortgage?
Re: Due on sale/ Lease options - Posted by Richard-FL
Posted by Richard-FL on December 04, 2001 at 21:26:37:
The DOS clause refers to any transfer of interest in the property may cause the loan to be accelerated.
With a LO, there is still a transfer of interest even though you do not take title to the property…it is referred to as “equitable interest”.
Richard-FL