Dave Ramsey

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,

OK, the the trust deed in most states, it would be you can if it's a Fannie Mae, a standard conventional loan, you just flip it over.

Do you see paragraph 17?

It will say due on sale.

If the title is transferred, the it becomes a balloon note and they call the it's in default.