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18 January 2025 | 15 replies
Dig into reverse mortgages before pulling the trigger on anything, specifically HECM's (FHA product).
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7 January 2025 | 5 replies
You have three choices...transfer the property and keep the loan in tact hoping they won't trigger due on sale, refinance into a loan that allows it, or simply leave things as they are.
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10 January 2025 | 3 replies
But if they don't willingly make the payment your only option would be to sue, and they have the upper hand to let the lender know about the sale possibly triggering DOS.
13 January 2025 | 7 replies
Selling would likely trigger capital gains taxes (unless you lived in the property for two out of the last five years or use a 1031 exchange).
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12 January 2025 | 185 replies
If the mortgage is in trouble that would trigger a foreclosure.
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20 February 2025 | 51 replies
I made poor judgment when I was younger because I was too quick to pull the trigger on some things.
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4 February 2025 | 17 replies
The underlying note from the lender is still in place and the Due On Sale can be triggered.
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12 January 2025 | 8 replies
There are often automated flags that will be triggered if you do it, so it's best just to know how they will react.
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16 January 2025 | 23 replies
I was trying to get started, had all the information but needed to pull the trigger to get in the game.
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8 January 2025 | 14 replies
Very few people operate their LLC correctly and therfore this just gives them a flase sense of security.Moving into a LLC can also trigger the due on sale clause.