[WSBARP] Due on sale, and wrap-around sale to kids

[Lynn Clare]

Did they call the lender and ask? That's what I would do.

On Thu, Aug 14, 2025 at 11:25 AM Craig Blackmon <
craig at lawofficeofcraigblackmon.com> wrote:

> 'Mates, with interest rates remaining elevated (over recent history,
> anyways) I have gotten a few inquiries from parents looking to convey the
> home to an offspring, without paying off the existing mortgage. By my
> reading of the Garn St. Germain Act, a conveyance to an offspring cannot
> trigger the due on sale provision.
>
> Does that mean parents can sell to offspring with a seller-financed "wrap
> around" mortgage, subject only to any "no further encumbrances" term in the
> original DOT? If not, what am I missing?
>
> Any insight is deeply appreciated!
>
> Craig
> Craig Blackmon, Attorney at Law
> <https://www.mywsba.org/PersonifyEbusiness/LegalDirectory/LegalProfile.aspx?Usr_ID=000000029240>
> 92 Lenora St. #13, Seattle WA  98121
> Office/Cell: (206) 369-5949
> On the blog: Changes to Title and the QCD
> <https://seattlepropertylawyer.com/blog/quitclaim-deed-explained>
> <https://seattlepropertylawyer.com/>    <https://www.fsbolawyers.org/>
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