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Updated over 13 years ago,
"Due on Sale" clause and interest rates?
I know that the consensus is that "due on sale" is almost never triggered in the real world.
However if someone locked in at a historically low interest rate today and then deeded the property to an LLC (or some other type of transfer), and then interest rates rose several points over the course of the next few years, is it possible that the banks would start enforcing the DoS clause in order to get out of their (now) unprofitable mortgage obligations?