An Exception to the Due on Sale Clause – Sale from Parent to Child Using An All-Inclusive or Wraparound Deed of Trust in California.
An all-inclusive deed of trust (“AITD”) is used when the seller will be financing part of the selling price, and the buyer will also take subject to the existing deed of trust. The seller remains on the existing loan (and continues to make the payments) and finances the difference between the existing loan balance and…