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All Forum Posts by: Parth Patel

Parth Patel has started 1 posts and replied 2 times.

General Landlording & Rental Properties

Post: Seller Financing

Parth PatelPosted
  • Cranford, NJ
  • Posts 2
  • Votes 0

The “due on sale clause” is a legal part of nearly every mortgage that gives the bank the right to demand that the loan be paid back, in full, immediately if the property is sold.  Seems like a legal haggle that I do not want to risk.  

0 Votes
General Landlording & Rental Properties

Post: Seller Financing

Parth PatelPosted
  • Cranford, NJ
  • Posts 2
  • Votes 0

How do you find homeowners who own the home outright without having an existing mortgage?  I am hoping to get a list so I can target them for seller financing.  I do not want to deal with the "due on sale" clause.

0 Votes