Deed of Trust Fee Clause: Successor Borrower Assuming Loan Without Lender Consent Held Subject To Fee Award Exposure
Cases: Deeds of Trust, Cases: Fee Clause Interpretation, Cases: Section 1717Fourth District, Division Two Holds Successor Bound By Fee Clause in Loan Documents. In this interesting time of economic woes, there are many persons who “assume” loans from borrowers without lender consent. Not only can this practice likely trigger “due on sale” clauses, it also may expose the successor borrower to […]