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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] No due-on-sale jail Posted by Ward-CA- on August 12, 2003 at 9:35 PM In Reply to: Brokers License-Subject To-Disclosure posted by Mack on August 11, 2003 at 12:41 AM : Ward, : Can anything happen to a California Real Estate Broker If he/she fails to disclose to the lender or insurance company the assignment of beneficial interest in a THT that was created to purchase a property subject to. : Mack =-=-=-=-=-=-- Mack, No, one's not guilty of breaking ANY law that I know of buying a property subject to existing liens and not informing said lienors that a sale had taken place. You need to read "There's No Due-On-Sale Jail". You'll find it on Bill Bronchick's website (see link below). No Due-On-Sale Jail Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, : : Can anything happen to a California Real Estate Broker If he/she fails to disclose to the lender or insurance company the assignment of beneficial interest in a THT that was created to purchase a property subject to. : : Mack : =-=-=-=-=-=-- : Mack, : No, one's not guilty of breaking ANY law that I know of buying a property subject to existing liens and not informing said lienors that a sale had taken place. : You need to read "There's No Due-On-Sale Jail". You'll find it on Bill Bronchick's website : (see link below). 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

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