Colorado  |  Real Estate Law

Legal Question

Asked on: 6/13/13, 7:02 pm

Can A real estate owner that has his own mortgage held by the bank on his property in Colorado, then sell the property to another individual by owner financing?

1 Answer

Answered on: 6/13/13, 7:43 pm by Robert Murillo

Normally this will trigger a due on sale clause which would accelerate your loan. Do not do what you are thinking without talking to the lender and an attorney. This is a recipe for disaster without doing so.

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