Legal Question in Real Estate Law in Texas
If someone has a non-recourse FHA HUD loans that is assumable, do you have to notify the bank if you do a stock purchase of all the shares in the LLC that ownes the property?
Asked on 7/25/11, 3:54 pm
1 Answer from Attorneys
Joseph A. McDermott, III
Attorney at Law
It depends on whether the deed of trust defines such a change of control as a sale violating the due on sale clause.
Answered on 7/25/11, 5:42 pm
Related Questions & Answers
-
If my home was forclosed on, can I get it back? If so how? Asked 7/21/11, 10:54 pm in United States Texas Real Estate and Real Property
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
