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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:
  • Deed
  • Deed of Trust
  • Default
  • Delinquency
  • Delivery
  • Deposit
  • Depreciation
  • Discount Points
  • Distress Sale
  • Down Payment
  • Dual Agent
  • Due Diligence
  • Due on Sale Clause

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