when dealing with short sales, do you have to work around the due on sale clause if there is one? :help
I think your missing some very major concepts. If you take a house subject to existing financing and simply transfer the deed leaving the existing financing in place you risk the DOSC. With a short sale the bank is allowing for a lower payoff (hence short) and being paid off at closing thereby eliminating that loan and any chance of the DOSC being called. You can’t call a DOSC on a loan that’s been paid in full.
Thank you. I understand the process the same as you just explained it. I was speaking with someone about this and they mentioned to be on the lookout for it and it threw me for a loop, like I missed some Major Concepts! I appreciate the clarification.