Dave Ramsey

And that seller has sold the house.

And when they discover it, they're going to call that loan and

And they're going to demand that seller give them $320,000 in 30 days.

And if they don't, they're going to foreclose on the house that you thought was yours.

Right.

But you have recorded a warranty deed into your name, is that right?

At the courthouse.

You are legal.

You're just vulnerable because the seller is either a shyster or a moron or both.

OK.

OK.

Because they don't understand that you cannot keep a loan in place with a due on sale clause in it.

And all right.

All current modern mortgages have a due on sale clause in them.

If you got an FHA loan from 1972, it does not have a due on sale clause on it.

But they don't exist anymore because they've all been paid off.

That was 50 years ago.

So back in the day when I first started in real estate in the late 70s and early 80s, we had all kinds of FHAs laying around that you could assume without a due on sale.

But those have been gone for 50 freaking years.

So anyway, this thing, if you pulled up their mortgage deed,