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Updated over 9 years ago,

Eric Armstrong's profile image
Eric Armstrong's profile image
Eric Armstrong
  • Investor
  • from Wilmington, Delaware
  • Member since Jul 17, 2013
Connect

User Stats

388
Posts
121
Votes
Eric Armstrong's profile image
Eric Armstrong's profile image
Eric Armstrong
  • Investor
  • from Wilmington, Delaware
  • Member since Jul 17, 2013
Connect
Eric Armstrong
  • Investor
  • Wilmington, DE
121
Votes |
388
Posts
General Real Estate Investing

WHo is responsible when Due on Sale is called?

Eric Armstrong
  • Investor
  • Wilmington, DE
Posted

Buyer purchases subject-to and bank calls sale.  Is it the responsibility of the buyer to pay the balance of the mortgage or the seller? If the buyer can't pay, does it then become the sellers responsibility? Can the seller buy it back and continue with mortgage? If no one can pay it off, I assume it will be on the seller's credit history?  

Thanks

Eric

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