tag:blogger.com,1999:blog-12703782.post1831737098498341905..comments2020-04-11T03:30:02.282-05:00Gary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-12703782.post-5319870144035089052013-03-21T21:40:11.633-05:002013-03-21T21:40:11.633-05:00Pete, I disagree with &quot;due on sale&quot; clauses being in mortgages. Not on any mortgage I&#39;ve ever seen here in Indiana. A mortgage company has no right to veto the sale of a property or to demand a payoff at the sale. What happens though is that the mortgage is a lien on the property and any buyer would assume that lien. That&#39;s why the buyer should get title insurance and the title insurer will demand that the mortgage lien be paid off.Paul K. Ogdenhttps://www.blogger.com/profile/16137003328850866711noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-2636611761909281282013-03-21T18:29:59.019-05:002013-03-21T18:29:59.019-05:00Due on sale clauses are standard mortgage fare; documents which require extensive disclosures...<br /><br />In cases like this (public funding), it&#39;s the borrower who&#39;s seasoned or experienced &amp; taxpayers who need disclosure regarding escalation of taxes, mortgage escrows, impact to value...<br />Pete Boggshttps://www.blogger.com/profile/12948800585492289789noreply@blogger.com