Definitions for "NON-ASSUMPTION CLAUSE"
Related Terms:
Non assumption clause, Assumption clause, Assumable, Discharge of mortgage, Lender, Mortgage offer, Wraparound mortgage, Mortgage lender, Junior mortgage, Assumable loan, Assumable mortgage, Second mortgage, Open-end mortgage, Satisfaction of mortgage, Redemption, Firm commitment, Assumability, Mortgage commitment, Due-on-sale-clause, Mortgagee, Remortgage, Assumption of mortgage, Open end mortgage, Wrap-around mortgage, Secondary financing, Refinancing, Refinance, Modification agreement, Assumption, Due-on-sale clause, Commitment letter, Subordinate financing, Offer of advance, Commitment, Re-mortgage, Assumption of a mortgage, Right of rescission, Submortgage, Mortgage servicing, Mortgage acceleration clause, Due on sale clause, Closed-end mortgage, Conditional commitment, Remortgaging, Ram, Agreement in principle, Due on sale, Wraparound loan, Portable mortgage, Due-on-sale provision
A mortgage clause that prohibits the assumption of a mortgage by a third party without the prior approval of the lender.
(See ASSUMPTION CLAUSE)
A statement in a mortgage contract that forbids assumption of a mortgage without the prior approval of the lender.
A statement in a mortgage contract forbidding the assumption of the mortgage without the prior approval of the lender... read full article
Statement in a loan contract forbidding the assumption of the loan without the prior approval of the lender.
A provision or condition of a loan agreement that prohibits the borrower from transferring the mortgage to another borrower without permission from the lender.
A provision in a loan agreement that prohibits the transfer of a mortgage to another borrower.
In a mortgage contract, a statement that prohibits a new buyer from assuming a mortgage loan without the approval of the lender.
A statement in a mortgage contract forbidding the assumption of the mortgage without the prior approval of the lender. Note: The signed obligation to pay a debt, as a mortgage note.
A term of a mortgage contract that forbids the transfer of the mortgage to a new owner without prior consent of the lender.
A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.
A loan provision that prohibits the transfer of a mortgage to another borrower without lender approval.
A statement in a mortgage contract forbidding the assumption of the mortgage without the prior approval of the lender. (Return to the top of the page.)
A statement in a mortgage contract forbidding the assumption of the mortgage without the lender's approval.
A provision of a home loan that prohibits the transfer of a mortgage to another borrower without the lender's permission.
In a mortgage contract, a statement that disallows a new buyer to assume a mortgage payment without the approval of the lender.
A statement in a mortgage contract forbidding the assumption of the mortgage or writing assumptions without the prior approval of the lender.
A statement in a mortgage contract forbidding the assumption of the mortgage by another borrower without the prior approval of the lender.
A statement in a mortgage contract prohibiting the assumption of the mortgage by a third party, without the prior approval of the lender.
a contract clause in the mortgage the forbids or prohibits someone else assuming the mortgage without the prior approval of the lender.
Statements in the mortgage contract forbidding the assumption of the mortgage without the prior approval of the lender.
In a mortgage contract, a statement that a new buyer may not take over a mortgage payment obligation without the approval of the lender.
A mortgage clause prohibiting the transfer of a mortgage to another borrower without the approval of the lender.
A provision in a mortgage contract disallowing the assumption of the mortgage without prior notification and approval of the lender.
An obligation to pay money owed as a mortgage note.