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.

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Answered on 4/26/07, 3:28 pm


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