Bill Bronchick Coaching

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Bill Bronchick in his CAREI coaching explains that nearly all loans originated nowadays contain a ‘standard’ due-on-sale clause which usually reads something like "If all or any part of the property herein is transferred without the lender’s prior written consent, the lender may require all sums secured hereby immediately due and payable”.

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Bill Bronchick Coaching

  1. 1. CAREI Coaching by Bill Bronchick Emphasizes That There Is No Due On Sale Jail
  2. 2. Bill Bronchick in his CAREI coaching explains that nearly all loans originated nowadays contain a ‘standard’ due-on-sale clause which usually reads something like "If all or any part of the property herein is transferred without the lender’s prior written consent, the lender may require all sums secured hereby immediately due and payable”.
  3. 3. Bill Bronchick further explains in his CAREI coaching that banks began inserting due-on-sale clauses in their mortgages in 1970s when interest rates rose dramatically.
  4. 4. Whereas home buyers were assuming existing loans rather than borrowing new money from banks since the interest rates on existing loans were lower. Often people are under this false impression that transferring title to a property secured by a “due-on-sale” mortgage is illegal.
  5. 5. It is often because people get confused between civil liability and criminal liability, explains Bill Bronchick in his CAREI coaching. For it to be illegal, one must be in violation of a criminal law, code or statue.
  6. 6. About Bill Bronchick Bill Bronchick, CEO of Legalwiz Publications, is a nationally known attorney, author, entrepreneur, and speaker. Mr. Bronchick has been practicing law and real estate since 1990, having been involved in over 1,000 transactions. He has trained countless people all over the United States to become financially successful, speaking to audiences of as many as 16,000 at "Get Motivated" events sharing the stage with names like Rudy Guliani, Steve Forbes, and Colin Powell.
  7. 7. His best-selling book, ‘Flipping Properties' was named one of the ten best real estate books of the year by the Chicago Tribune. Bill Bronchick is also the co-founder and President of the Colorado Association of Real Estate Investors and the President and Chairman of the College of American Real Estate Investors. To learn more about sale jail from Bill Bronchick, log on to www.careicoaching.com.
  8. 8. Thanks

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