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Updated over 16 years ago on . Most recent reply
"Subj To" Question
Good Evening Everyone,
I have read alot back and forth on here about the legality etc of using a Subj To deal and how the banks will enforce the "Due On" clause if you try to do these deals.
I have a question, I heard something tonight and just was trying to figure out if it was true or not. But I heard, that if you put the deed not into your name or business name, but in the name of a "Land Trust" that a Federal Law says the Bank can not enforce the "Due On" clause so then you can continue to hold the property until you sell it etc. And I am having trouble finding out if this is correct. I hope I explained this clearly for everyone.