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Updated over 15 years ago,
Has Anyone EVER been forced to pay an accelerated note because they transferred title and the bank enforced the due on sale clause?
The "Due On Sale Clause" in every lender's note is a common investor fear due to the myriad of ways investors transfer title on deals.
In 30 years, I have NEVER heard of a bank accelerating a note that was paid timely because title transferred and they enforced the due on sale clause.
Has anyone ever personally had this happen and if so, could you educate the other Bigger Pockets members as to your experience and what to look out for?