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<p class="MsoNormal">Dear Hive Mind:<o:p></o:p></p>
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<p class="MsoNormal">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?
<o:p></o:p></p>
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<p class="MsoNormal">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).<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Kind Regards,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Tom<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">--<o:p></o:p></p>
<p class="MsoNormal">Thomas H. White<o:p></o:p></p>
<p class="MsoNormal">(206) 552-8650<o:p></o:p></p>
<p class="MsoNormal">Attorney/Owner<o:p></o:p></p>
<p class="MsoNormal">King County Business Law<o:p></o:p></p>
<p class="MsoNormal"><a href="https://linkedin.com/in/LawGuy"><span style="color:blue">https://linkedin.com/in/LawGuy</span></a><u><span style="color:blue"><o:p></o:p></span></u></p>
<p class="MsoNormal"><a href="mailto:Thomas.H.White@KingCountyBusinessLaw.com"><span style="color:blue">Thomas.H.White@KingCountyBusinessLaw.com</span></a><u><span style="color:blue"><o:p></o:p></span></u></p>
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<p class="MsoNormal">NOTICE: This message and related data is intended only for confidential use by the designated recipients. The information may be legally privileged and should not be disclosed without approval of the sender. If you have received this in
error, please destroy this email and notify the sender immediately. Thank you for your assistance. Unless expressly stated herein, this communication is not to be used for avoiding federal tax penalties. IRS Circular 230.<o:p></o:p></p>
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