A due-on-sale clause is a standard part of most conventional mortgage agreements. It gives the lender the right to demand full repayment of the loan when the property is sold or transferred to a new ...
A due on sale clause is a provision in a mortgage contract that requires the borrower to repay the remaining loan balance in full if the property is sold or transferred. This clause protects lenders ...
My wife and I are getting divorced. I am prepared to give her the family home so our children will not be disrupted. Our mortgage lender will not relieve me of our joint obligation to make the monthly ...
When buying or selling a home, real estate contracts include clauses or designated sections in purchase or financing agreements. Each clause is important, but there are four primary clauses that ...
An alienation clause, also known as a due-on-sale clause, is a standard provision in most mortgage agreements. It requires the borrower to repay the full loan balance if the property is sold or ...
When you take out a mortgage, you plan on paying it back over 15 or 30 years. But in some cases, the lender can demand full repayment sooner. Mortgages allow for this possibility with acceleration ...
When engaging in a real estate transaction, it's important to understand the details of your mortgage agreement - especially clauses that dictate how ownership can be transferred. One such provision ...