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Re: How to waive a Due on Sale clause

Posted by Ward-CA- on August 08, 2001 at 8:43 AM

In Reply to: Re: How to waive a Due on Sale clause posted by Troy on August 07, 2001 at 4:25 PM

: Thanks, Ward. Yes, it does help.

: After you send the letter to the lender, which do you find more often:
: 1) The lender is concerned about the change of ownership and takes appropriate action, or
: 2) They're just happy the loan has been brought current and take no action as long as the payments keep rolling in?
=============
#2. Almost always they seem to prefer to let sleeping dogs lie.



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