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2 answers

Currently, that is correct. Hopefully, that loophole will get closed.

This is exactly how so many real estate investors are taking people's propery and flipping it to people with bad credit. The investor (middle man) gets his cut and a few years later, the original owner gets foreclosed upon.

If an investor is suggesting this (or if a Realtor is), do not do it.

2006-11-13 07:49:16 · answer #1 · answered by teran_realtor 7 · 0 0

If you are placing it in a land trust as part of estate planning it will not trigger the due on sale clause. A few unscrupulous investers do use this process to take advantage of the system, but most of them do not. Like any other business, there are always a few bad apples.

2006-11-15 01:22:24 · answer #2 · answered by Mr. E 1 · 0 0

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