Should I spend any more money or just pull the trigger and go down fighting.

Due on sale - seems like selling an option on a property triggers the due on sale clause.

I am ready to do it. Where will I find my first deal. Do I go get a lis pendons list and start dropping my info ( buy houses). Go to banks and start looking at reo's, if possible. Contact lawyers looking for probate....

Because I never had the guts to pull the trigger on a purchase of one of those Guru programs/seminar's.

Daggone it, I went an pulled the trigger.

There are also legal issues in that certain changes to a loan could trigger a chance in the liens position (some modifications are in effect treated as a new loan so the recording date moves).The trusts who are holding paper that has lost significant value (mark to market pricing) will be only too willing to agree changes in the trust provisions if the change will significantly improve the value of the asset.

The mortgage due on sale clause would not be triggered because the LLC is still the owner of the property.

I understand the use of a "fictious name trust" it makes sense... but the "John Smith Land Trust December 25, 2007" where the land is deeded to an irrevocable trust fbo John Smith, and the trustee is some third party.As an attorney, I cannot not seem to get a level of comfort.The way I see them isJohn Smith conveys to Jon Doe as trustee of the John Smith Land TrustJohn Smith is the beneficiary, but has no power to remove the trustee or convey the property... so if Jon Doe wants to he can convey the property away, or encumber it.... further.. when the land is put into the trust I am of the opinion it triggers the due on sale clause.... if it is Foreclosed on, then the bank in not secured, and the owners are gonna get nailed for loan fraud....

that obviously triggered that nasty day in '87, but the market corrected that prob so it no longer exists.

I forget what triggers the behavior.