I hear of alot of Lease/BuyBack scams out there?
Too my understanding the seller signs a Quit Cliam Deed of the property,or signs over the Title too the scamers..
Now most mortages have a "Due On Sale Clause" whitch simply states if theres any Transfer of Tile that Accelerates the Note,there bye paying it off in full..
If the buyer new this and didnt tell the seller,is that illegal according to:
FDIC Law,Regulations,Related Acts
Part 591.5 Limitation on exercise of due-on-sale clauses??