I want to pay off arrears and leave the existing owner-occupied mortgage in place. I do understand the risk of the due on sale clause. Do I have to "go rogue" with the entire process and record my own documents? Or is there a title company or attorney who I can hire to manage the transaction? TIA!
Real Estate Coach · Riverside County, CA · Member since 2017 · 238 posts · 157 votes
3y
@Faye R. You should be closing / recording in the exact same way you would purchase any other property.
The sale needs to be recorded so you own the property, title insurance etc as long as lender is getting paid they don't usually seem to care about due on sale clause (they could, but I haven't had to deal with it)