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Updated almost 5 years ago,
Due on Sale Clause?
Hello Everyone,
So...I’m in the midst of analyzing/negotiating my first Land Contract deal in Michigan....However the seller just realized there is a due on sale clause on his mortgage. :( I’m not sure what his loan amount is yet.
So is this a deal killer? Are there any work around for this? What can I do to protect myself? Also, are there any other important things I should do if he agree to terms for this land contract.
Thank you all!!!!!!!