Tricia Haggard
Land Contract... trigger due on sale clause?
I have seen that land contracts can trigger the due on sale clause. Is there a way to protect yourself against it? Subject-to's seem to have the same issue. Do you prefer one over the other? Why?
I would appreciate ...
Stacy Steven Smith
Excercising option as trigger point for sales contract?
Please forgive my newbie question regarding wholesaling,... but is it possible, or common, to put in your sales contract that it commences upon the excercising of the seperate Option contract? The Option to Purchase ...
Christopher Forero
Pulled trigger - Under Contract on 2 Flat w/ Finished Basement
Signed on the dotted line for a Brick 2 Flat w/ a 2/3rd finished basement in North Chicago @ $375-400k (FHA).Property has been family owned and looks well taken care of.- 2nd Story: 2/1 - Nicest finishes, only missing...
Michael Gayer Jr
Due on Sale - Triggered by Contract for Deed or Lease Purchase?
Newbie Question ...Can a borrower (with a Mortgage) sell his house on a Contract for Deed without triggering Due on Sale Clause?Can a borrower (with a Mortgage) sell his house on a Lease Purchase without triggering Du...
John McCabe
Who should be insured with a Land Contract and will it trigger due on sale clause?
Looking for some Insurance advice on anyone that has completed a land contract on rental property. Please Help!
SCENARIO: I am a seasoned landlord and am purchasing 5 more rental houses from my father via land contra...
James Fraundorf
LLC member swapping and repercussions?
Hi friends, I have a question for any lawyers out there or anyone who may be familiar with this. This is concerning a property we have under contract in Minnesota. Is there is a way to bring the capital partner on th...
Rich Hupper
Database for contaminated properties
HelloI recently applied for a commercial mortgage and the bank said the address triggered an environmental hazard redflag. The bank is now requiring testing to be done before a loan can be issued. Is there a public da...
Caleb Webster
1031 and seller Financing
I have a 12 unit under contract that was supposed to be seller financed. The terms were 0% down for purchase price but we bring all rehab costs to escrow, 1 year term. The seller then discovers after talking with a 10...
Kole Kingslien
Seller Financing Details and What to Expect!
Hello BP community,I am posting this thread to gather information on Seller Financing transactions! I am looking to gain as much information and education now, so I can prepare for this possible scenario. I am looking...
Pat Nelson
Selling on Bond for Title issues
I am selling my home on a BFT. What to do about insurance? I have a mortgage so cannot let buyers insure in their name or it could flag the due on sale clause. I've talked with several insurance companies and they...