Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
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 over 10 years ago,

User Stats

795
Posts
768
Votes
Brandon Hicks
  • Investor
  • Avilla, IN
768
Votes |
795
Posts

Sue the bank for blocking deal? No due on sale clause.

Brandon Hicks
  • Investor
  • Avilla, IN
Posted

Long story short....I am negotiating on a commercial property financed with a commercial loan held by a small local bank. Seller is willing to sell to me on land contract with no down payment but the bank is threatening to call the note if we close. Seller is unwilling to close due to the banks stance. I've never seen a due on sale clause on a small bank commercial loan. If there isn't one on this one would it be worth while to sue the bank for attempting to block the deal? Or at least threaten? Anyone have experience with this?

I want the property not a pissing match but if they won't play ball I wouldn't mind shoving their ball where the sun don't shine ;)

Loading replies...