A provision in a mortgage enabling the lender to demand full repayment if the borrower sells the mortgaged property.
Related information about due-on-sale clause:
- Due-on-sale clause - Wikipedia, the free encyclopedia
A due-on-sale clause is a clause in a loan or promissory note that stipulates that the full balance may be called due upon sale or transfer of ownership of the ...
- Due-On-Sale Clause Definition | Investopedia
A provision in a mortgage contract that requires that the mortgage be repaid in full upon a sale or conveyance of interest in the property that secures the ...
- The truth about getting around due-on-sale clauses by John T. Reed
Neither can lenders tolerate making mortgage loans which will likely last seven years on average because of the due-on-sale clause, only to find that those ...
- How to Beat the "Due on Sale" Clause
The due on sale clause is the most talked about, most feared, and most misunderstood topic in real estate investing. Let's dispel any misunderstandings you may ...
- 12 USC § 1701j–3 - Preemption of due-on-sale prohibitions | LII ...
(1) the term “due-on-sale clause” means a contract provision which authorizes a lender, at its option, to declare due and payable sums secured by the lender's ...
- There's No “Due on Sale” Jail - Hosted by Attorney William Bronchick
The “due-on-sale” clause is probably the most talked about, feared and ... Nearly all loans originated today contain a “standard” due-on-sale clause which ...
- Due-on-sale clause - Financial Dictionary - The Free Dictionary
due-on-sale clause. Also found in: Wikipedia, 0.01 sec. Due-on-sale clause. A mortgage contract clause stipulating that the borrower pay off the full remaining ...
- Straight Note Due on Sale Clause - Fidelity National Title
(DUE ON SALE CLAUSE). $ , California , after date, for value received. I promise to pay to or order, at the sum of DOLLARS with interest from until paid at the ...