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
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.