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Foreclosure Forum |
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How to waive a Due on Sale clauseWard, 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?
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