A due-on-sale clause is a clause in a loan or promissory note that stipulates that the full balance of the loan may be called due (repaid in full) upon sale or transfer of ownership of the property used to secure the note. The lender has the right, but not the obligation, to call the note due in such a circumstance. In real estate investing, the d...
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http://en.wikipedia.org/wiki/Due-on-sale_clause
Standard language in a mortgage which states that the loan must be paid when a house is sold.
Found on
http://www.encyclo.co.uk/local/20452
Is a clause in a mortgage demanding that the borrower pay off the loan in full if the house is ever sold.
Found on
http://www.encyclo.co.uk/local/20965
A clause in a mortgage document which requires that the mortgage be paid in full if the encumbered property is transferred.
Found on
http://www.encyclo.co.uk/local/21196
A provision in a mortgage, or deed of trust, that allows the lender to demand immediate repayment of the mortgage balance if the borrower sells the property.
Found on
http://www.encyclo.co.uk/local/21398
Meeting legally required to be held by an underwriter to enable brokers to question a new issuer abo
Found on
http://www.encyclo.co.uk/local/22402
A provision in a mortgage or deed of trust that allows the lender to demand immediate payment of the balance of the mortgage upon sale or transfer of ownership of the property used to secure the mortgage. (See: acceleration clause)
Found on
http://www.nolo.com/dictionary/due-on-sale-clause-term.html
a provision of a loan allowing the lender to demand full repayment of the loan if the property is sold.
Found on
https://www.encyclo.co.uk/local/21674
No exact match found.
