Legal Question in Real Estate Law in California
I am planning to open a Line of. Credit with my bank...It is being approved.i planned to sell the property every soon....can I still sell property if I owe any borrow money? lester
Asked on 7/25/19, 1:43 am
1 Answer from Attorneys
No. The line of credit documents will have a “due on sale” rule in them that requires the balance to be paid off out of the money the buyer pays for the property.
Answered on 7/25/19, 8:29 am
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