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Partial Release of Property from Deed of Trust or Mortgage for Individual Nebraska Form

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Partial Release of Property from Deed of Trust or Mortgage for Individual Nebraska Form

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will I need to notify my mortgage lender if I transfer my real estate into a revocable trust or an irrevocable trust [Music] what they're really asking when they ask this question is is it going to trigger the do on sale Clause right every mortgage it has a due on sale Clause where if you transfer the property to someone else it immediately accelerates the loan you have to pay it back that's why when you sell your property if you have a mortgage on it at closing you have to pay off the mortgage first right they don't let you just sell it and then walk away from it that's part of the obligation however there are situations where you can change the title of the property and not trigger that due on sale clause and that really is the subject of this video and it's what's covered in a law called the Garn Saint-Germain act that is a federal law so this applies across all 50 states and essentially there are certain situations where you can chang

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