April 22, 2019

Due on Sale Clauses

The Florida Land Trust will not get around or avoid any due on sale clause contained in promissory notes secured by the property held in the Florida Land Trust when the beneficial interest is assigned and transferred to another party and the current beneficiary no longer has an interest in the Florida Land Trust.  You should have your legal counsel carefully review your loan documentation to ensure compliance with the terms of your promissory note and mortgage.