An alienation clause, commonly referred to as a due-on-sale clause, is a clause in your mortgage contract that requires you to pay the remaining mortgage balance at the sale or transfer of the home.
Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. An acceleration clause is a contract provision that allows a lender to require a borrower to ...
An alienation clause is common in mortgages, giving a mortgage lender the right to request full and immediate loan repayment when the home is sold or transferred. The Garn-St. Germain Act of 1982 ...
When engaging in a real estate transaction, it's important to understand the details of your mortgage agreement - especially clauses that dictate how ownership can be transferred. One such provision ...