I would like to do owner financing but not sure how often it will trigger the due on sale clause, anyone has experience with this, what you do to get around it, is it possible that even after you sale it banks will never call the loan due.
Thank you.
I’ve done many deals via owner financing and personaly never worry about the due on sale clause, they do have the right to call the note due, its unlikely they will at this time however. Structure the note so it makes sense in case they do this way you can sell it if they decide to call the note due. Hopefully you have room in this deal to play it “safe”
As long as the payments are being paid on time they won’t even look. There is also 2 articles on this site by Bill Bronchick that talk about this issue. herbster
thank you guys