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Christopher Jason Lloyd's profile image
Christopher Jason Lloyd's profile image
Christopher Jason Lloyd
  • Real Estate Broker
  • from Newport News, VA
  • Member since Sep 30, 2020
  • Posts 95
  • Votes 83
  • Experience 6 Yrs
  • Investments 2

User Stats

95
Posts
83
Votes
Christopher Jason Lloyd's profile image
Christopher Jason Lloyd's profile image
Christopher Jason Lloyd
  • Real Estate Broker
  • from Newport News, VA
  • Member since Sep 30, 2020
  • Posts 95
  • Votes 83
  • Experience 6 Yrs
  • Investments 2
Christopher Jason Lloyd
  • Real Estate Broker
  • Newport News, VA
83
Votes |
95
Posts
Creative Real Estate Financing

Contract for Deed. Any risk for Due-on-Sale Clause?

Christopher Jason Lloyd
  • Real Estate Broker
  • Newport News, VA
Posted

Hello BiggerPockets Community,

I am currently looking at a deal where I am considering offering contract for deed with existing financing in place. My question is when I go to record the contract for deed at the courthouse, would that possibly open the door for the lender to call the note due?  I would assume not because it is a contract for deed and the deed would stay in the seller's name until full payment on the contract is made.  Am I possibly missing something here? 

Also open to any opinions on this method or things to consider with this method.

  • Christopher Jason Lloyd
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Axiom Property Group
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