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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdviceNo Due on Sale for Fannie Loans to LLC?
Michael Myers's profile image
Michael Myers's profile image
Michael Myers
  • Rental Property Investor
  • from Pleasant Hill, CA
  • Member since Aug 8, 2019
  • Posts 48
  • Votes 13
  • Experience 4 Yrs
  • Investments 1
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User Stats

48
Posts
13
Votes
Michael Myers's profile image
Michael Myers's profile image
Michael Myers
  • Rental Property Investor
  • from Pleasant Hill, CA
  • Member since Aug 8, 2019
  • Posts 48
  • Votes 13
  • Experience 4 Yrs
  • Investments 1
Connect
Michael Myers
  • Rental Property Investor
  • Pleasant Hill, CA
13
Votes |
48
Posts
Private Lending & Conventional Mortgage Advice

No Due on Sale for Fannie Loans to LLC?

Michael Myers
  • Rental Property Investor
  • Pleasant Hill, CA
Posted Oct 20 2020, 18:56

Hi Lending Specialists! I was talking with a lender today and he was under the impression that loans processed through Fannie Mae’s Desktop Underwriter (DU) would not be subject to the dreaded due on sale clause if the mortgagee were to deed the property into an LLC or trust. Does his statement hold water? Are there any other details he didn't mention that I should know about?

Thanks!

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