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Updated over 9 years ago,
Land Trust to prevent Partial seller Financing due on Sale Clause
Hello BP, sometime ago i read "The definitive guide to using seller financing to buy real estate", and only thought that to prevent due on sale clause, that would mean i can only used this method on debt free property. Then recently i came across "Land Trust" that can be used to prevent due on sale.
What do you think, can a land trust help to prevent a call from the bank if i used partial seller financing?
PS: I think this would work in Sub2 as well if the owner have equity or maybe this is also called a partial seller financing consider that Sub2 is usually used on no equity mortgage seller. Again what do you think?