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Re: Good problem...help with solution

Posted by DenisInSanDiego on March 30, 2008 at 5:55 PM

In Reply to: Good problem...help with solution posted by Mark - Chula Vista, CA on March 30, 2008 at 9:33 AM

Hello Mark,

To avoid a due on sale clause your best bet is a trust. Check out the info that Ward provides at this site, esp. his one day class on land trusts.

With regard to future lenders knowing what you paid, why would you be concerned about that? You would be dealing with the lender on the basis of the appraised value. For example, you might be applying for a loan in the amount of 80%(or less) of the apprasied value. The banks could care less what you paid for the property.

I hope that I have understood your question, Denis.


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