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HomeForumsCreative Real Estate FinancingWraps and due on sale clause
T. Alan Ceshker's profile image
T. Alan Ceshker's profile image
T. Alan Ceshker
  • Attorney
  • from 3409 Executive Center Drive Ste 110 Austin, Texas 78731
  • Member since Mar 9, 2020
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T. Alan Ceshker's profile image
T. Alan Ceshker's profile image
T. Alan Ceshker
  • Attorney
  • from 3409 Executive Center Drive Ste 110 Austin, Texas 78731
  • Member since Mar 9, 2020
Connect
T. Alan Ceshker
  • Attorney
  • 3409 Executive Center Drive Ste 110 Austin, Texas 78731
60
Votes |
59
Posts
Creative Real Estate Financing

Wraps and due on sale clause

T. Alan Ceshker
  • Attorney
  • 3409 Executive Center Drive Ste 110 Austin, Texas 78731
Posted Jun 12 2024, 06:49
https://www.ceshker.com/

I want to start a discussion re the due on sale clause

We are seeing more issues re lenders calling notes due.  Some because of mistakes with insurance.  But, some due to lenders looking.

One lender/servicer is HomeLoanServ.  They actually are looking at prior foreclosures that were reinstated.

What are you folks seeing?  Are you taking measures to protect your deals?

Thanks and let us know -- let's get info flowing

Alan 

Austin, Texas
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