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Harlan Florence, Attorneys at Law

Real Estate Closing Attorneys in Atlanta, Georgia

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Will the use of a land trust help me avoid the due-on-sale clause?

Probably not. While the Garn-St Germain Act does state that the transfer of a property into a trust, in very limited circumstances, cannot be used to invoke a mortgage’s due-on-sale clause, the truth is that this exemption does not apply to the great bulk of investor transactions. Investors should be aware of the due-on-sale clause and be prepared in case a loan is ever called due.

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Harlan and Associates, LLC. 5775 Glenridge Drive, Building B, Suite 550, Atlanta, Georgia 30328.
T:770 817 1012 F:770 817 1013 W:www.harlan-law.com
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