Also know as an acceleration clause.A little history lesson…In the old days when banks loaned money and took back a 30-year mortgage that's exactly what you got.It didn’t matter if you sold the property to someone else that loan stuck with the property for 30 years and could be taken over and paid by anyone.Well, in the early 70's banks, lenders, state governments and other interested parties were so upset that they were getting stuck with low interest rates, missing out on taxes, assumption and other sale fees, that lenders started adding due on sale acceleration clause to their contracts.As you can imagine, a lot of borrowers thought this was unfair and brought suit against banks and lenders.Unfortunately around 1979 the United States Supreme Court found in favor of the banks, and today the due on sale -acceleration clause (usually paragraph 17) is found in most if not all conventional mortgages.For years now buyers and sellers have been trying various ways to get around the problem.

I was pretty upset and so far I have got one call.

My intention was not to upset anyone here and the last thing I would like is for this thread to turn into something that is unproductive or not pertinent to the topic.

We gave him till the end of the month, when I collected the keys he claims he doesn't have a forwarding address, and said I had to call to turn off the utilities-that's when I find out most were turned off due to non- payment.The big kicker, the next door neighbor is his brother AND boss.I'm so upset, we thought we had a good tenant and then we had to deal with so much BS, has anybody else had an experience like that?

I'm sure @Joshua Dorkin and @Brandon Turner would not be upset about that!

Few individuals within this process are looking to upset the apple cart in any way.  

I wasn't upset but more amazed that someone who wants my business would say these things.

But the most important provision every charter must state is that the only way a shareholder could vote or complain, was they couldn't file a lawsuit they can only go to arbitration. that right there could save face in case you get people upset which tends to happen when the market is crashing.  

In a few hours I'll find out if my upset bid for a trustee sale remains intact.  

The expert said there was around 6000 spiders in the house...so they'd been there a while.I'm actually more upset about the insurance company not paying...but I'm sure they hid behind their "acts of G-d" clause or something ridiculous.It is a lesson in having Umbrella insurance, however....