Should You Be Worried About the Due on Sale Clause?
ฝัง
- เผยแพร่เมื่อ 8 ก.พ. 2025
- What is the process of the due on sale clause and should you be WORRIED about having this acceleration clause called on your loan?
Pace Morby explains why the due on sale clause is not a problem and why, if the paperwork is done correctly, it’s nothing to worry about. He breaks down the entire process of a due on sale clause in a subject to transaction and dives into how he’s overcome the clause multiple times. Are you worried about getting the due on sale clause called on you? If you are, this video is for you!
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❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a TH-cam video for entertainment purposes ONLY ❎
The way you broke thos down into such depth aand with such easy to understand detail, especially using analogies -which how i love to learn - is some of the best I've heard! You the GOAT FR!! Def plan to work with you in the future!
9:13 I love how you explain these difficult real estate concepts by always coming back to something as simple as Grocery Stores and Automobiles 😆 ... So simple, yet so helpful ... You're a really great teacher, Pace 💪... Thank you for these super educational videos, my friend!
Thank you bro! Glad you enjoyed the video
If taking title subject to the existing lien seems risky to you, then try a "master lease" with "option to buy".
The financial parameters can mirror the "subject to" deal without the due on sale risk.
Just simplified escrow meaning. Thanks pace.
Pace, the way you teach with the white board and the drawings and arrows and everything is the best. I see it, I hear it, I listen to the stories and it all clicks! Thank you for sharing your brain with us. Just signed up for the intro to Top Tier TC training and I need a SubTo TC right now
Pace was born to teach. Wish all all schools had teachers like him.
That's one of the best compliments I've ever gotten, thanks man!
AMEN!!!
Facts!!
I'm doing my hours on CE and you are absolutely right. I was surprised to see the land trust/ executory contract and that every realtor i deal with acts like it's a myth. It's in your required training
I’m such a beneficiary of you can’t help it, Pace. Thank you. I appreciate you Pace.
Appreciate you ✌🏽
High level specialized knowledge, Thank you pace.
Thank you bro!
I just learned what escrow was - that explanation was 🔥 fire so relatable so simple which make it super easy to understand, now I can explain it that way and continue the chain of educating people on what escrow is ❤
Yess! Glad you enjoyed
Excellent information! Looking forward to joining the sub2 community
Thank you Willie! Glad you enjoyed
Best in the Business! Pace always giving us gold! Thank you, Brother! 🙏 ( FDW Gator 🐊)
Thank you bro!
The receipt of real estate is the deed. Thank you so much for making these videos. You are a genius, Sir 💡✌🏻
Informative Pace! Love how in depth you get with this. Learning lots!
Thank you! Always happy to see you here bro✌🏽
Thank you Pace and community I am learning a lot
Love to hear this bro!
Thanks. Just found your videos recently. I feel like I can buy the whole world.
That's the spirit! Glad you like them!
Yep i just learned what escrow is. Thank you!
this is the biggest concern of everyone who is starting to get acquainted with this opportunity
I enjoy my CE classes! 😊😂 Thanks for spreading the knowledge 🙌 Pace.
Hey pace more blessings to u bro
I’m broke have a family and learning free because I can’t afford yet 🙏💪💪💪
But I have been making calls to on market calls. I have an agent twiddle dumb in my azz saying it’s
Illegal to fix a claus 😂
Cmon pace I need you to correct this dude
I tried explaining to him for what I learned from you he is in disbelieve 😂
@PaceMorby Are due on sale clauses only with conventional loans because the loans are not assumable? Or can an FHA, USDA and VA loan also have due on sale clauses even though those loans are assumable?
Should do a video on land patents. The transfer of ownership of a piece of land from the goverment to a private citizen.
First off the servicer is not an origonal party to the origional mortgage especially if your mortgage has been sold multiple times so how can they enforce acceleration clause?
In the 2008 GFC, lenders were pulling deeds "with copy" to learn who sold the property subject to their existing debt lien.
The lenders tried to accelerate their "due on sale" clause because they were desperate and wanted to be paid off.
This next collapse and Greater Depression will be worse.
Jesus what an excellent video... This makes me less scared to move on a property in Florida
Great video, thank you!
Pace thank you for this great content!
Thank you bro! Glad you enjoyed
Capping on licensed agents about having other peeps do CE? You could've done w/o that, cuz you're standing tall and wealthy, right? You're way smart. Adept. Investor. I'm humbled, for sure. I just learned a few things as a lic. CA broker.
I did a 30 day search of Closed sales in my L.A county city yeaterday and the market here is far from soft. Especially the over a million dollar homes are sellind in less than a week for above asking price.
Hey pace, have you ever ran into a sub To sale that has a open solar loan? How would it work? I am planning on selling the home within the next 2 years. But the solar loan still has a balance of 48k.
Scared that in 2 years the equity or proceeds from the sale would be just enough to pay off the solar for the new owner (traditional fha/conv/va) transaction
Correct thats why the lender wanted to be in first position. Why would the bank put a lien on their own property????
Obligatory "I learned what escrow is" comment
I literally just talked to an agent today who's getting all flustered about a due on sale clause holy crap
Hey. In your master class you said don’t worry!
If you know how to get around it, don't worry lol
Watch the the whole video
@@PaceMorby Yep. I did. I commented in the beginning. Sorry. Always good info. Congrats on the new baby!
Thank you !
@@Myneighborhoodsolution
executive contract or land trust depending on the state
Very helpful
Happy to hear that
Is the 35 days standard for the due on sale clause? Or can they refuse to give you that much time?
the deed is the receipt for the property
I live in TX. Should I do land trusts from the get go?
I always wondered what escrow was, nice
Thanks for all your help. I was looking for the link to the private zoom video of you talking to an agent and seller. I can't seem to find it. Can you please tell me where I can find it? it was 6:20 into the video. Thanks so much.
Right here man: resources.pacejmorby.com/due-on-sale-santa-clause/#form
Thanks....@@PaceMorby
Weird, the content is for buying a car with creative.
Ohhh Escrow 😮
I just learned what escrow was! haha
Will you share your 19 addendums for these closes?
Just did
Learned escrow
Wonder why he doesn't say anything about the Garns St germain act?
The receipt of real estate is the deed
Yess🙌🏽
The receipt of the real estate is the deed.
Yess💪🏽
I put my subto deal in my name just 2 weeks ago. Was this the in correct way?
If it's truly a subject to deal the deed will say your name but the MORTGAGE will not. If the mortgage changes names that's not subject to.
Deed in my name (not trust)or that’s in sellers name is what occurred.
*voice of Neo: "I know escrow"
😂😂😂
Hola pace!
“The receipt of real estate is the deed” Pace Morby
Yesss
Supermarket escrow!
i just learned i go into escrow every time i buy groceries
Your wife is a real estate agent, if I'm not mistaken...
The transaction coordinators are probably licensed agents, too.
The receipt of real estate IS THE DEED!
Hey Pace. I'm unable to get access to the private Zooms because of a website bug. It's wanting me to put an email for my phone number..
Are you in Subto or Gator? Contact support
@@PaceMorby Subto. I got it to work.. had to put my email address as the phone number.
Let’s go
Sub to is the way to go!