Due-on-sale clause
id:
due-on-sale-clause-286-6907205
title:
Due-on-sale clause
text:
A due-on-sale clause is a clause in a loan or promissory note that stipulates that the full balance of the loan may be called due upon sale or transfer of ownership of the property used to secure the note. The lender has the right, but not the obligation, to call the note due in such a circumstance. In real estate investing, the due-on-sale clause can be an impediment for a property owner who wishes to sell the property and have the buyer take over an existing loan rather than paying the loan of
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Due-on-sale_clause
date created:
date modified:
2021-12-02T17:49:21Z
main entity:
{"identifier":"Q5312122","url":"https://www.wikidata.org/entity/Q5312122"}
image:
fields total:
13
integrity:
13