InnoVest Resource Management's Foreclosure Forum

Discussion Board Foreclosure Training Title Holding Trust Speaking Schedule Foreclosure Codes 50 State Foreclosure Basics 60+ Yrs Interest Rates News & Trends FAQ Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] due on sale clauses Posted by Gary - CA on August 04, 2001 at 11:25 PM Ward, If you are buying from an owner before the foreclosure sale, is it true that an alienation or acceleration clause can allow a lender to begin a foreclosure action against you if they become aware that you have purchased the property? If so, have you ever seen it happen? Also, is it possible to request from the lender in writing not to accelerate the loan if you buy the property from the seller and bring the payments up-to-date? -Gary Follow Ups: Re: Due on sale clauses—no problem Ward-CA- 10:49 AM, 08/05/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Ward, : If you are buying from an owner before the foreclosure sale, is it true that an alienation or acceleration clause can allow a lender to begin a foreclosure action against you if they become aware that you have purchased the property? If so, have you ever seen it happen? : Also, is it possible to request from the lender in writing not to accelerate the loan if you buy the property from the seller and bring the payments up-to-date? : -Gary Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Copyright © 1997-2001, InnoVest Resource Management

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455