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Tag: Due on Sale


IS MY MORTGAGE “DUE ON SALE”? …Maybe NOT!

September 10th, 2014 — 3:36pm

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Most, if not all mortgages contain what is called a “due on sale” clause.  These clauses generally provide that if the borrower sells or transfers the property encumbered by the mortgage, then the lender has the right to declare the mortgage immediately due and payable.
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