How do I buy a house “Subject-To†with the due-on-sale clause?
Saturday, August 29
Let's say that you find a house in pre-foreclosure. The seller is willing to give you title to his property if you stop the foreclosure and save his credit. The only "glitch" is that the loan is not assumable because the mortgage has a due-on-sale clause. So you pass, right? Wrong…The first th...