Creative financing / Unlimitted Funding

[Dennis Dougherty]

Good Afternoon all,

This morning , I was watchin a webinar about "Subject to "  and Lease options.  In other words, Taking over someone's existing mortgage and your name is now on the deed but not the bank note.

Are these legal processes. ?

Can you be penalized by law in any of these situations? 

Also there is a " Due on Sale" Clause ,  If I am reading this correctly, the bank can call the note if they chose, when the deed has a different name on it than originally signed........   Does this actually happen ?

Where can I look to find Contracts and forms for these purposes, that are legal in the state of Arizona

Please Advise,

Dennis