Legal Question in Real Estate Law in Oregon

carry loan on real estate..buyers now want to put it in an llc

i have due on sale clause ..can they still do it


Asked on 6/25/15, 5:46 pm

1 Answer from Attorneys
Robert Mauger The Law Office of Robert L. Mauger

You're the lender? If there's a due on sale clause, and you don't want the buyers to put the property into an LLC, depending on your agreement you could enforce the due on sale clause and force the LLC to refinance and/or foreclose. Whether that makes good business sense is another question. You should really consult with your own attorney about the details of the transaction.

Read more
Answered on 7/01/15, 9:59 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in Oregon