Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 12 years ago on . Most recent reply

User Stats

210
Posts
15
Votes
Arjun K.
  • Real Estate Investor
  • New York, NY
15
Votes |
210
Posts

Is there a list of banks that allow transfer into LLC without due on sale clause?

Arjun K.
  • Real Estate Investor
  • New York, NY
Posted

The "Due on Sale" clause clearly has been beaten to death. Only time will tell how this plays out (the historical period of declining interest rates is not a good period to test this clause.. one must see what happens when banks see rising rates and loans financed at 4% trade at 40 cents on the dollar in a 15% interest rate environment).

I have read that some banks DO approve these transfers. Sometimes without a fee, sometimes for a fee.

Does anyone have a list of banks that DO approve these transfers?

Thanks

Loading replies...