Advertising

Due on sale

• Is a clause which requires the immediate and full payment of the existing mortgage in the event of a transfer of ownership, sale, death, or some refinancings. This clause is usually specific as to what events will trigger the repayment of the mortgage.

 
 Embedded terms in definition
 Event
Mortgage
Sale
Trigger
Will
 
 Related Terms
 

<< Due diligence Dun & bradstreet >>

Practical Advice for Everyone on How to Save and Manage Money: No matter how old or young you are, there are some basic things you can do to better manage and protect your money. Here are recommendations from FDIC Consumer News. More...

Do, or do not. There is no 'try.' - Jedi Master Yoda

Advertising



Copyright 2009-2018 GVC. All rights reserved.