However, if you're in over $20,000 on courses and seminars (I've met some) and you still haven't pulled the trigger on a single property, then you're just fooling yourself.

I care about people doing things ethically and not hanging sellers out to dry with my risk mitigation strategy.To each his own...I'm done with this too.

She paid the 80% so you know she's not just dropping the ball and leaving you high and dry.

Originally posted by Financexaminer:Proof of funds is usually the problem after the bank has the winning bid and they take the property to be sold.This is a little off topic, but your statement above triggered a question I had.

Any lease that is longer than 3 years violates the clause as well:The federal regulation (12 C.F.R. 591.2) says the due-on-sale clause is triggered by:“...transfers of real property subject to a real property loan by assumptions, installment land sales contracts, wraparound loans, contracts for deed, transfers subject to the mortgage or similar lien, and other like transfers.â€Andy is right that it is exceedingly unlikely the note will be called, but you should be aware that the lender can, at their option, call the note if you offer an option to buy with the lease.

But Ralph has a good point in that your example was adopted and added value, but it may not be as cut and dry as you preceive it.

I agree with you, as that is a cut and dry answer, but what do I do if he just doens't want to sell it?

In other words, you need something like 3 "negative votes" to trigger loss of points.

I believe I have found some good deals in the area but need to pull the trigger.

There are all kinds of smoke and mirror games that can be played with trusts and such, but at the end of the day you will be triggering the clause and there is no failsafe way around the clause absent lender consent.