Legal Question in Real Estate Law in New Jersey
Real Estate
I owned my primary residence for a few years. I resently move-in with a girlfriend. I planned on renting my house however I have a couple looking to rent-to-own. I read on a website that giving someone an option to purchase, can breach my mortgage that has a due-on-sale clause. Is this true and should I aviod it?
Asked on 2/12/07, 5:40 pm
1 Answer from Attorneys
Robert Davies
The Davies Law Firm, P.A.
Re: Real Estate
please go see a lawyer before you do either thing, move in with girlfriend or rent out your house. you will save a lot of grief later.
Answered on 2/12/07, 5:45 pm