Legal Question in Real Estate Law in Maryland
tranfer of property
I,m considering a Family Limited Partnership, I have 10 properties, 8 with mortgages. Would tranferring the properties with mortgages activate the ''Due on sale'' clauses?
Asked on 4/26/07, 2:33 pm
1 Answer from Attorneys
Robert Sher
Wagshal and Sher
Re: tranfer of property
Technically, yes, but as long as payments are current, the lenders probably won't be concerned.
Answered on 4/26/07, 3:28 pm