Not all mortgages are assumable and many have “due on sale” clauses that require any seller to pay off the entire loan. This could be great for some special circumstances (like a home owner wanting to avoid forclosure or wanting to transfer to a family member) but I wonder just how many people could realistically take advantage of this.
Not all mortgages are assumable and many have “due on sale” clauses that require any seller to pay off the entire loan. This could be great for some special circumstances (like a home owner wanting to avoid forclosure or wanting to transfer to a family member) but I wonder just how many people could realistically take advantage of this.