[WSBAPT] Retitling and Due-on-Sale

[Thomas White]

Dear Hive Mind:

Does re-titling a property held by A and B as tenants in common to be held by A and B as joint tenants with right of survivorship trigger the due-on-sale clause of most mortgages?

I am wondering if they will need to refinance. (The change in title would be to allow an unmarried couple the benefits of the Garn-St. Germaine Act).

Kind Regards,

Tom

--
Thomas H. White
(206) 552-8650
Attorney/Owner
King County Business Law
https://linkedin.com/in/LawGuy
Thomas.H.White at KingCountyBusinessLaw.com<mailto:Thomas.H.White at KingCountyBusinessLaw.com>

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