Bank screwing with us?

[Jacob Kline]

I am talking with a motivated seller, very easy seller to talk with and seems willing to accept any reasonable offer. He has 60% equity.

He is telling me that the bank is “telling him things” that seem to make him feel that his hands are tied and cant sell.

Is there anything the bank could do, which would not allow him to sell?

Would the bank be herding him away from selling so they can take it?

Thanks

[Kim Martin]

Jacob - What kind of things is the bank saying to this seller? Banks don’t like subject to deals so that’s what they were probably cautioning your seller on. They probably told the seller there is a due on sale clause and that the loan is not assumable. Please reach out if you have any questions.