A clause in a mortgage or deed of trust which allows the mortgagee (lender) to demand immediate full payment of the note in the event the title to the property is conveyed by the mortgagor (borrower) to another party without the prior written consent of the mortgagee.

MP] A provision of a loan contract stipulating that if the property is sold the loan balance must be repaid.

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

A stipulation in a mortgage that states that the borrower must pay the lender in full if the borrower sells the property.

A restriction in a mortgage that has the effect of stopping assumptions. The clause states that the entire balance of the mortgage is due and payable immediately if the property is sold or conveyed.

See alienation clause.

a clause in a loan or promissory note that stipulates the full balance is due upon sale or transfer of ownership

a species of acceleration clause under which the entire outstanding debt becomes immediately due and payable upon sale or transfer of any interest in the property that secures the debt

a type of acceleration clause

Provision in a mortgage that states that the loan is due upon the sale of the property.

A due on sale clause contained in the mortgage entitles the lender to demand full payment of all money due on your loan when you sell or transfer title to the property.

A clause in many mortgages that allows the lender to call the loan due immediately if the property is sold. In general lenders are not very aggressive in enforcing this clause as long as they continue to be paid their monthly payment.

A provision in the original mortgage loan documentation that requires a home owner to repay the outstanding loan amount on the sale or transfer of the property collateral. Conventionally underwritten loans, which comprise the majority of FHLMC and FNMA pass-through collateral, have contained due-on-sale clauses since 1979. GNMA pass-throughs and some FHLMC and FNMA securities are backed by FHA/VA loans that are assumable, meaning that the buyer can assume from the seller the original mortgage loan on the property.

A clause in a mortgage document which requires that the mortgage be paid in full if the encumbered property is transferred.

Mortgage provision allowing lender to demand repayment in full if borrower sells the property that serves as mortgage security.

A provision in a mortgage that allows the lender to demand repayment in full of the outstanding balance if the property securing the mortgage is sold. Back to the top Earnest money: money put down by a potential buyer to show that he or she is serious about purchasing the home. It becomes part of the down payment if the offer is accepted, is returned if the offer is rejected, or is forfeited if the buyer pulls out of the deal.

A clause in a mortgage which requires that the mortgage be paid out in full upon the sale of the property.

Clause in a trust deed that allows lenders to demand immediate payment of loan balance if borrower sells or transfers interest in the property.

A provision in a mortgage or deed of trust enabling the lender to demand instant payment of the balance of the mortgage when the mortgagor sells the home.

A clause allowing the lender to demand payment of the entire loan balance upon sale or other transfer of title by the borrower to a third party. return top

A provision in a loan that allows the lender to demand repayment in full if the borrower sells the real estate.

A provision in a mortgage or deed of trust that allows the lender to demand immediate payment o See Federal National Mortgage Association.

A statement in loan documents that states that says that in the event of transfer of title due to a sale, the loan must be paid in full.

A provision of a loan contract that stipulates that if the property is sold the loan balance must be repaid. This bars the seller from transferring responsibility for an existing loan to the buyer when the interest rate on the old loan is below the current market. A mortgage containing a due-on-sale clause is not an assumable mortgage.

A clause set forth in some mortgages and land contracts whereby the Lender or Seller has the right to “call in” the balance upon the sale or transfer of the property by the Borrower or Purchaser to a third party. _______E_______

A clause stating that the remainder of the loan is due on the sale of the property.

An acceleration clause that grants the lender the right to demand full payment of the mortgage or deed of trust upon sale of the property. A clause in a deed of trust or mortgage that provides that if the secured property is sold or transferred, the lender may declare the entire unpaid balance immediately due and payable. Its use has been severely limited by recent court decisions. Also called an alienation clause.

An acceleration clause in a mortgage or deed of trust which allows the lender to demand full re-payment of the loan when the property is sold.

A provision in a mortgage, or deed of trust, that allows the lender to demand immediate repayment of the mortgage balance if the borrower sells the property. ()

An acceleration clause that requires full payment of a mortgage or deed of trust when the secured property changes ownership.

A provision in a mortgage or deed of trust that allows the lender to demand immediate payment of the balance of the mortgage if the mortgage holder sells the home.

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

A provision in a mortgage or deed of trust which requires the loan to be paid in full if a property is sold or transferred.

A form of acceleration clause that calls due, at the lender's option, the entire outstanding balance of a loan upon the sale or transfer of a property. Used by lenders primarily as a means of restricting either a loan assumption or sale of a property without the lender's approval.

A clause that stipulates that a borrower cannot sell or transfer the property without prior written consent of the lender.

A provision that allows a lender to demand the immediate repayment of the mortgage balance if the borrower sells the home.

Standard language in a mortgage which states that the loan must be paid when a house is sold.

A clause that requires a full payment of a mortgage or deed of trust when the secured property changes ownership.

A provision which requires full payment of a mortgage to be made when the property changes ownership.

A clause in a mortgage or deed of trust allowing a lender to require immediate payment of the balance of the loan if the property is sold (subject to the terms of the security instrument). (Return to the top of the page.)

A mortgage clause that entitles the lender to demand full payment of all money due on a loan when the borrower sells or transfers title to the property.

Provision in a mortgage or deed of trust allowing the lender to demand immediate payment of the loan balance upon sale of the property.

A mortgage condition or clause that states the loan must be paid in full when the property is sold. Commonly used in reverse mortgage lending.

Provision in a security instrument calling for automatic maturity in the event of sale or transfer of title by borrower.

A provision in a mortgage that allows the lender to demand repayment in full, if the borrower sells the property that serves as security for the loan.

A provision in a mortgage allowing the lender to demand payment of the entire balance of the note if the mortgagor sells or otherwise transfers the property !-- .style2 {font-family: Verdana, Arial, Helvetica, sans-serif; font-weight: bold; } .style2 {font-family: Verdana, Arial, Helvetica, sans-serif; font-size: small; } -- Click Below: To view my listings To search for towns To learn about me Search Other NJ Towns Market Study Find a Home Sell Your Home Mailing List Sign up for my Real Estate Listings and you'll get an instant email notice whenever a new property is listed in your favorite neighborhood. Be one of the first to know!!! Gail-Middleton.com is Brought to you by Gail Middleton Gail Middleton, GRI, CRB Burgdorff ERA Realtors 545 Millburn Avenue Short Hills, NJ 07078

A provision in a mortgage that allows the lender to demand full payment of the outstanding mortgage loan balance if the borrower sells the property securing mortgage.

Language in a mortgage stating that a loan must be fully repaid upon the sale of a home.

Also called an acceleration clause; it is a clause granting the lender the right to demand full payment of the loan upon the sale of the property.