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- Fri Aug 29, 2008 11:53 pm
- Forum: First Time Home Buyers Forum
- Topic: Buying property – “due on sale” bank clause
- Replies: 1
- Views: 1697
Buying property – “due on sale” bank clause
Someone told me that I could buy a property “subject to” the existing loan. That the seller could just deed the property to me and I could take over the payments. Is this legal and what will the bank do when they find out? What about the “due on sale” clause? Can anyone help me on this. It sounds li...