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Do you know what "Time Limit of an Offer" means?

Real Estate Glossary

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Due on Sale Clause

Language in the mortgage closing agreements that inform the borrower that if they allow their loan to be assumed or transferred in any way, the lender has the right to demand the balance in full.

See also:

Deficiency judgment

Discount Points

Due on Sale Clause

See also: Real Estate Glossary

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