Posts Tagged ‘Due on sale clause exemptions’
After Father Deeds Home to Mother, the Mortgage Lender Cannot Require Payment of Entire Mortgage
Question: Four years ago my mom and dad, who are in their 70s, bought a nice home in Wickenburg with a $420,000 mortgage. They recently separated for whatever reason, and my dad deeded the Wickenburg home to my mother. Although my mother is current on the mortgage payments, my mother is now worried that the…
Read MoreDue on Sale Clause Does not Apply to Transfer to a Spouse
Due on Sale Clause Exemptions Question: After I was divorced three years ago, I purchased a home in Surprise. The title to the home was in my name only. Last year I married again and added my new wife to the title to the home. The mortgage loan, however, is still in my name.…
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