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<p class="MsoNormal">Hi Everyone,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Due on Sale Clause. I understand that under Garn-St Germain, home can be transferred to family member without loan being called. This particular home has a Home Equity Loan and client is concerned that the HELOC would be called. From
my reading this morning, it also looks like Garn-St Germain would also prevent a bank from exercising Due on Sale clause in this situation.
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<p class="MsoNormal">Has anyone dealt with a home transfer with HELOC who can confirm that Garn protects the heir?
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<p class="MsoNormal">Thank you! <o:p></o:p></p>
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<p class="MsoNormal"><b><span style="color:black">Erin Fairley</span></b><span style="color:black"> / Attorney<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"><a href="mailto:erin@leschilaw.com">erin@leschilaw.com</a> / (206) 353-4625<o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="color:black">Leschi Law, PLLC</span></b><span style="color:black"><o:p></o:p></span></p>
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