Definition: An acceleration clause found in most mortgage loans, requiring the mortgagor to pay off the entire mortgage debt when the property is sold.
Pronunciation:
Used in a Sentence: When we sold the house the due-on-sale clause specified that the balance of the mortgage needed to be paid in full.
Prepare for Your Real Estate Career in 2025: Start Now and Seize the Opportunity As we find ourselves in the final stretch of 2024, there's a palpable sense of urgency...
Prepare for Your Real Estate Career in 2025: Start Now and Seize the Opportunity As we find ourselves in the final stretch of 2024, there's a palpable sense of urgency...
How to Start a Full-Time Real Estate Career in Florida Thinking of embarking on a real estate career in the Sunshine State? Florida presents lucrative opportunities for real estate professionals...
How to Start a Full-Time Real Estate Career in Florida Thinking of embarking on a real estate career in the Sunshine State? Florida presents lucrative opportunities for real estate professionals...
Navigating the New Landscape of Real Estate: Understanding the NAR Settlement and Its Impact In the dynamic world of real estate, staying informed about industry changes is crucial for both...
Navigating the New Landscape of Real Estate: Understanding the NAR Settlement and Its Impact In the dynamic world of real estate, staying informed about industry changes is crucial for both...
