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Dangers of the Due on Transfer Clause (Part 2)

            Last week I was telling you about George’s problem.  He had transferred his home to a trust to protect it but then received a letter from the bank referring to something called the due on transfer clause.             A transfer of title without permission could trigger the bank’s entitlement to be paid back the […]

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Dangers of the Due on Transfer Clause

            To follow up on the same topic of the past two weeks, transferring the home, recently we received a call from George regarding the transfer of his home to a trust.  He received a letter from the bank holding his mortgage, stating something about the due on transfer clause.             George still owes $100,000 […]

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