due-on-sale clause Definition

due-on-sale clause

Definition

A provision in a mortgage enabling the lender to demand full repayment if the borrower sells the mortgaged property.

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due-on-sale clause is ...
... part of the Lending & Credit and Real Estate subjects.

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assumable mortgage - More

due-on-sale clause appears in the definitions of these other terms on BusinessDictionary.com

assumable mortgage