Hmm... Bananas are 4 lbs for a dollar

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 ]

How to waive a Due on Sale clause

Posted by Troy on August 07, 2001 at 1:46 PM

Ward, in your article this month you state,

"...you just might want to try to create a situation wherein the lender effectively waived its right to call their senior loan because they delayed too long calling the loan after being put on actual notice that a sale (the trustee's sale) had taken place and you're the new owner."

What type of situation could you create to cause a lender to waive their right to call the loan due? And, how do you document such a thing?


Follow Ups:


Post a Followup:

Name    : 
E-Mail  : 
Subject : 
Comments: 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

Our home page is at http://www.foreclosureforum.com

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

[an error occurred while processing this directive]