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Updated almost 3 years ago,

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6
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0
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Patricio Yrizar
  • Investor
  • San Diego
0
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6
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Foreclosure property but concerned of the Due on Sale Clause

Patricio Yrizar
  • Investor
  • San Diego
Posted

Hi guys,

I found a property that is going through foreclosure, and thinking of getting it on seller financing one part of it but also taking over the owner's loan payments. The only thing that I'm concern about is the existing lender applying a due on sale clause once the title is transferred to me. I heard that I might be able to a buy it on an agreement for sale or executory contract were I'll be the owner but I don't show a transfer of deed, however, I don't have a lot of experience with it. 

Do you guys have any advise on how to get it without the risk of the due on sale

Thank you

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