Should You Be Worried About the Due on Sale Clause?

Рет қаралды 11,389

Күн бұрын

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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Chapters:
0:00 - Intro
1:22 - Pace’s transaction coordination team
2:21 - Seller finance due on sale clause example
4:25 - What is the due on sale clause?
8:45 - Start of a Subto transaction
11:06 - Difference between deed and title
15:04 - When the due on sale clause happens
16:35 - Process of the due on sale clause
20:59 - Extra resources
22:41 - Why you SHOULDN’T worry about due on sale clause
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🚧🚧🚧 DISCLAIMER 🚧🚧🚧
❎ 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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 KZfaq video for entertainment purposes ONLY ❎

Пікірлер: 72

@williehutson6907 7 ай бұрын

Excellent information! Looking forward to joining the sub2 community

@PaceMorby 7 ай бұрын

Thank you Willie! Glad you enjoyed

@marckuhnmak 7 ай бұрын

Informative Pace! Love how in depth you get with this. Learning lots!

@PaceMorby 7 ай бұрын

Thank you! Always happy to see you here bro✌🏽

@RideOrDieXPF 7 ай бұрын

Best in the Business! Pace always giving us gold! Thank you, Brother! 🙏 ( FDW Gator 🐊)

@PaceMorby 7 ай бұрын

Thank you bro!

@nandingpanelo 5 ай бұрын

Thank you Pace and community I am learning a lot

@PaceMorby 5 ай бұрын

Love to hear this bro!

@oldskoolfunk71 7 ай бұрын

High level specialized knowledge, Thank you pace.

@PaceMorby 7 ай бұрын

Thank you bro!

@robertleparulo672 6 ай бұрын

Pace thank you for this great content!

@PaceMorby 6 ай бұрын

Thank you bro! Glad you enjoyed

@dr.jasonbaca 7 ай бұрын

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!

@PaceMorby 7 ай бұрын

Thank you bro! Glad you enjoyed the video

@fiverrlover16 7 ай бұрын

Just simplified escrow meaning. Thanks pace.

@delinkuit 7 ай бұрын

I’m such a beneficiary of you can’t help it, Pace. Thank you. I appreciate you Pace.

@PaceMorby 7 ай бұрын

Appreciate you ✌🏽

@MrDiscreet100 7 ай бұрын

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 ❤

@PaceMorby 7 ай бұрын

Yess! Glad you enjoyed

@MgtowRubicon 7 ай бұрын

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.

@santiagobenitez6818 3 ай бұрын

Pace was born to teach. Wish all all schools had teachers like him.

@PaceMorby 3 ай бұрын

That's one of the best compliments I've ever gotten, thanks man!

@yaneiracruz1877 Ай бұрын

The receipt of real estate is the deed. Thank you so much for making these videos. You are a genius, Sir 💡✌🏻

@cyang17 3 ай бұрын

Thanks. Just found your videos recently. I feel like I can buy the whole world.

@PaceMorby 3 ай бұрын

That's the spirit! Glad you like them!

@matchbox3eb 4 ай бұрын

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

@tinkerroad905 7 ай бұрын

Very helpful

@PaceMorby 7 ай бұрын

Happy to hear that

@dyvira7085 4 ай бұрын

I live in TX. Should I do land trusts from the get go?

@MgtowRubicon 7 ай бұрын

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.

@VT-wp2ob 7 ай бұрын

this is the biggest concern of everyone who is starting to get acquainted with this opportunity

@r3d_rain488 7 ай бұрын

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

@benny123259 5 ай бұрын

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 😂

@ryaanj9439 7 ай бұрын

I just learned what escrow was! haha

@hernansanchezerika 5 ай бұрын

Is the 35 days standard for the due on sale clause? Or can they refuse to give you that much time?

@MikeeeeJet 20 күн бұрын

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

@JorgeMartinez-jt9xx 7 ай бұрын

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.

@PaceMorby 7 ай бұрын

Right here man: resources.pacejmorby.com/due-on-sale-santa-clause/#form

@JorgeMartinez-jt9xx 7 ай бұрын

Thanks....@@PaceMorby

@hondaboy0001 6 ай бұрын

Weird, the content is for buying a car with creative.

@Myneighborhoodsolution 7 ай бұрын

Hola pace!

@Myneighborhoodsolution 7 ай бұрын

Hey. In your master class you said don’t worry!

@JoeGlascockJr 7 ай бұрын

If you know how to get around it, don't worry lol

@PaceMorby 7 ай бұрын

Watch the the whole video

@Myneighborhoodsolution 7 ай бұрын

@@PaceMorby Yep. I did. I commented in the beginning. Sorry. Always good info. Congrats on the new baby!

@PaceMorby 7 ай бұрын

Thank you ! @@Myneighborhoodsolution

@Truth24434 7 ай бұрын

executive contract or land trust depending on the state

@animek1236 2 ай бұрын

Learned escrow

@will2201 7 ай бұрын

*voice of Neo: "I know escrow"

@dadsapp 7 ай бұрын

😂😂😂

@dukesofpreppercounty5297 7 ай бұрын

Correct thats why the lender wanted to be in first position. Why would the bank put a lien on their own property????

@delinkuit 7 ай бұрын

Ohhh Escrow 😮

@lyndastarwriter8507 6 ай бұрын

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.