due on sale

listen to the pronunciation of due on sale
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A mortgage clause permitting acceleration of the loan if the mortgagor (borrower) attempts to transfer title or interest to the secured property
A clause in a mortgage or deed of trust allowing a lender to require immediate payment of the balance of the loan if the property is sold (subject to the terms of the security instrument)
A clause in a deed of trust that demands the entire loan balance payable in full when the property is sold
- A clause in a mortgage or deed of trust allowing a lender to require immediate payment of the balance of the loan if the property is sold
A clause in a mortgage agreement providing that, if the mortgagor (the borrower) sells, transfers, or, in some instances, encumbers the property, the mortgagee (the lender) has the right to demand the outstanding balance in full
A clause in the mortgage which permits the lender to call the loan due and payable at its option if the borrower sells the property
A clause in a mortgage contract requiring the borrower to pay the entire outstanding balance upon sale or transfer of the property
Clause in a mortgage contract requiring the borrower to pay the entire outstanding balance upon sale or transfer of the property
a clause in mortgages that allows the lender to accelerate the balance owed if the borrower sells the property This is also called a "non-assumption clause" or an "alienation clause"
A clause in a mortgage stating that if the mortgagor sells, transfers or in any way encumbers the property, then the mortgagee has the right to implement an acceleration clause making the balance of the obligation due
A clause included in the mortgage that allows the lender to call the loan due and payable at its option, if the borrower sells the property
A clause in a mortgage contract requiring the borrower to pay the entire outstanding balance upon sale or transfer of the property A mortgage with a due-on-sale clause is not assumable
A clause in a mortgage or deed of trust allowing a lender to require immediate payment of the balance of the loan if the property is sold
A clause in a mortgage or deed of trust allowing a lender to require immediate payment of the balance of the loan if the property is sold (subject to the terms of the security instrument)
due on sale
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