Meaning due-on-sale
What does due-on-sale mean? Here you find 5 meanings of the word due-on-sale. You can also add a definition of due-on-sale yourself
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due-on-saleA clause in a mortgage contract that requires the borrower to pay the entire outstanding balance upon sale or transfer of the property.
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due-on-saleClause in a note or mortgage giving the lender the right to call the entire loan balance due if the property is sold or otherwise conveyed.
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due-on-saleA 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).
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due-on-saleA clause in a mortgage contract requiring the borrower to pay the entire outstanding balance upon sale or transfer of the property.
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due-on-saleA clause in a mortgage which gives the lender the right to require immediate repayment of a mortgage balance if the property changes hands.
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