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Dangers of the Due on Transfer Clause (Part 2)
- Yale Hauptman
- on May, 25, 2015
- No Comments.
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 […]
Dangers of the Due on Transfer Clause
- Yale Hauptman
- on May, 18, 2015
- No Comments.
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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