This is a result of direct communication with the company:
"first of all this is not an Insurance, our Company works with the Mortgage
Company in the event the Due on Sale Clause is exercised, as real estate investors there is a great deal of opportunities in “subject to” transactions. However, currently the “subject to” is always subject to the existing mortgage company exercising their legal rights to foreclose on the subject property based on the “Due On Sale Clause” which is contained in all mortgages and/or deeds of trust on real property.
We make it easier for you to close with the seller, we provide you documentation to share with them to ease the fear of the Due on Sale clause.
Equity Assurance, LLC, in
the event that the existing unsatisfied mortgage that is to remain in
place after the transaction has completed decides to exercise their
rights under the aforementioned "Due On Sale Clause".In
the event, that the "Due On Sale Clause" foreclosure is initiated by
the existing mortgage company and/or bank, Equity Assurance, LLC will
interject into the foreclosure transaction to work with you on the "Due
On Sale Clause" for the investor by assuring that the covered loan and
terms will remain in place. We have never been unsuccessful in this process. We
have your back with many years of working with Mortgage Companies and
investors, we have a team that is professional and is great at
negotiating and being on your team. We also work with you on making sure
you have all your Documents in place and you are
communicating the right information to the seller and the Mortgage
Company. Cost of this service is 1.25% of the original Mortgage amount example ($200,000 = $2,500), no other charges. Minimum charge $500.00"
