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Should You Be Worried About the Due on Sale Clause? 

Pace Morby
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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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 RU-vid video for entertainment purposes ONLY ❎

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5 июл 2024

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Комментарии : 72   
@williehutson6907
@williehutson6907 6 месяцев назад
Excellent information! Looking forward to joining the sub2 community
@PaceMorby
@PaceMorby 6 месяцев назад
Thank you Willie! Glad you enjoyed
@marckuhnmak
@marckuhnmak 6 месяцев назад
Informative Pace! Love how in depth you get with this. Learning lots!
@PaceMorby
@PaceMorby 6 месяцев назад
Thank you! Always happy to see you here bro✌🏽
@oldskoolfunk71
@oldskoolfunk71 6 месяцев назад
High level specialized knowledge, Thank you pace.
@PaceMorby
@PaceMorby 6 месяцев назад
Thank you bro!
@fiverrlover16
@fiverrlover16 6 месяцев назад
Just simplified escrow meaning. Thanks pace.
@nandingpanelo
@nandingpanelo 5 месяцев назад
Thank you Pace and community I am learning a lot
@PaceMorby
@PaceMorby 5 месяцев назад
Love to hear this bro!
@robertleparulo672
@robertleparulo672 5 месяцев назад
Pace thank you for this great content!
@PaceMorby
@PaceMorby 5 месяцев назад
Thank you bro! Glad you enjoyed
@RideOrDieXPF
@RideOrDieXPF 6 месяцев назад
Best in the Business! Pace always giving us gold! Thank you, Brother! 🙏 ( FDW Gator 🐊)
@PaceMorby
@PaceMorby 6 месяцев назад
Thank you bro!
@dr.jasonbaca
@dr.jasonbaca 6 месяцев назад
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
@PaceMorby 6 месяцев назад
Thank you bro! Glad you enjoyed the video
@santiagobenitez6818
@santiagobenitez6818 2 месяца назад
Pace was born to teach. Wish all all schools had teachers like him.
@PaceMorby
@PaceMorby 2 месяца назад
That's one of the best compliments I've ever gotten, thanks man!
@MgtowRubicon
@MgtowRubicon 6 месяцев назад
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.
@delinkuit
@delinkuit 6 месяцев назад
I’m such a beneficiary of you can’t help it, Pace. Thank you. I appreciate you Pace.
@PaceMorby
@PaceMorby 6 месяцев назад
Appreciate you ✌🏽
@yaneiracruz1877
@yaneiracruz1877 Месяц назад
The receipt of real estate is the deed. Thank you so much for making these videos. You are a genius, Sir 💡✌🏻
@MrDiscreet100
@MrDiscreet100 6 месяцев назад
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
@PaceMorby 6 месяцев назад
Yess! Glad you enjoyed
@cyang17
@cyang17 2 месяца назад
Thanks. Just found your videos recently. I feel like I can buy the whole world.
@PaceMorby
@PaceMorby 2 месяца назад
That's the spirit! Glad you like them!
@tinkerroad905
@tinkerroad905 6 месяцев назад
Very helpful
@PaceMorby
@PaceMorby 6 месяцев назад
Happy to hear that
@dyvira7085
@dyvira7085 4 месяца назад
I live in TX. Should I do land trusts from the get go?
@matchbox3eb
@matchbox3eb 4 месяца назад
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
@MikeeeeJet
@MikeeeeJet День назад
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
@MgtowRubicon
@MgtowRubicon 6 месяцев назад
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.
@ryaanj9439
@ryaanj9439 6 месяцев назад
I just learned what escrow was! haha
@hernansanchezerika
@hernansanchezerika 4 месяца назад
Is the 35 days standard for the due on sale clause? Or can they refuse to give you that much time?
@VT-wp2ob
@VT-wp2ob 6 месяцев назад
this is the biggest concern of everyone who is starting to get acquainted with this opportunity
@benny123259
@benny123259 4 месяца назад
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 😂
@r3d_rain488
@r3d_rain488 6 месяцев назад
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
@dukesofpreppercounty5297
@dukesofpreppercounty5297 6 месяцев назад
Correct thats why the lender wanted to be in first position. Why would the bank put a lien on their own property????
@Myneighborhoodsolution
@Myneighborhoodsolution 6 месяцев назад
Hola pace!
@animek1236
@animek1236 2 месяца назад
Learned escrow
@JorgeMartinez-jt9xx
@JorgeMartinez-jt9xx 6 месяцев назад
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
@PaceMorby 6 месяцев назад
Right here man: resources.pacejmorby.com/due-on-sale-santa-clause/#form
@JorgeMartinez-jt9xx
@JorgeMartinez-jt9xx 6 месяцев назад
Thanks....@@PaceMorby
@hondaboy0001
@hondaboy0001 6 месяцев назад
Weird, the content is for buying a car with creative.
@Myneighborhoodsolution
@Myneighborhoodsolution 6 месяцев назад
Hey. In your master class you said don’t worry!
@JoeGlascockJr
@JoeGlascockJr 6 месяцев назад
If you know how to get around it, don't worry lol
@PaceMorby
@PaceMorby 6 месяцев назад
Watch the the whole video
@Myneighborhoodsolution
@Myneighborhoodsolution 6 месяцев назад
@@PaceMorby Yep. I did. I commented in the beginning. Sorry. Always good info. Congrats on the new baby!
@PaceMorby
@PaceMorby 6 месяцев назад
Thank you ! @@Myneighborhoodsolution
@Truth24434
@Truth24434 6 месяцев назад
executive contract or land trust depending on the state
@delinkuit
@delinkuit 6 месяцев назад
Ohhh Escrow 😮
@lyndastarwriter8507
@lyndastarwriter8507 5 месяцев назад
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.
@will2201
@will2201 6 месяцев назад
*voice of Neo: "I know escrow"
@dadsapp
@dadsapp 6 месяцев назад
😂😂😂
@paulpapamarkos252
@paulpapamarkos252 6 месяцев назад
I put my subto deal in my name just 2 weeks ago. Was this the in correct way?
@PaceMorby
@PaceMorby 6 месяцев назад
If it's truly a subject to deal the deed will say your name but the MORTGAGE will not. If the mortgage changes names that's not subject to.
@paulpapamarkos252
@paulpapamarkos252 5 месяцев назад
Deed in my name (not trust)or that’s in sellers name is what occurred.
@Truth24434
@Truth24434 6 месяцев назад
“The receipt of real estate is the deed” Pace Morby
@PaceMorby
@PaceMorby 6 месяцев назад
Yesss
@donaldclifford5763
@donaldclifford5763 6 месяцев назад
Supermarket escrow!
@marxiejones353
@marxiejones353 6 месяцев назад
The receipt of real estate is the deed
@PaceMorby
@PaceMorby 6 месяцев назад
Yess🙌🏽
@delinkuit
@delinkuit 6 месяцев назад
The receipt of the real estate is the deed.
@PaceMorby
@PaceMorby 6 месяцев назад
Yess💪🏽
@lyndastarwriter8507
@lyndastarwriter8507 5 месяцев назад
Your wife is a real estate agent, if I'm not mistaken...
@lyndastarwriter8507
@lyndastarwriter8507 5 месяцев назад
The transaction coordinators are probably licensed agents, too.
@stpk
@stpk 4 месяца назад
Hey Pace. I'm unable to get access to the private Zooms because of a website bug. It's wanting me to put an email for my phone number..
@PaceMorby
@PaceMorby 4 месяца назад
Are you in Subto or Gator? Contact support
@stpk
@stpk 4 месяца назад
@@PaceMorby Subto. I got it to work.. had to put my email address as the phone number.
@AaronSubTo
@AaronSubTo 7 дней назад
Let’s go Sub to is the way to go!
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