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- Due-on-sale_clause abstract "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 (repaid in full) 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 off as part of the sale. Likewise, a due-on-sale clause would interfere with a seller's extension of financing to a buyer by using a wraparound mortgage, also called an "all-inclusive mortgage", "all-inclusive deed of trust.", "all-inclusive trust deed", or "AITD" Either of these arrangements triggers the due-on-sale clause in the seller's existing mortgage and thus the lender may call the loan due. If a property with a due-on-sale clause in the mortgage loan is transferred and the loan is not paid off, the bank could foreclose on the property. How likely this is depends on how the real estate economy is doing.If the buyer continues to pay the loan payments when due, it is less likely that the bank would actually call the loan due but still the bank's choice. In the early 1980s, with interest rates on new loans at 18%, banks attempted to enforce these clauses in older loans so that they could lend the funds out at higher interest. In the 2010 lending market, many observers believe that banks are not likely to enforce due-on-sale provisions unless they have another reason to call the loan due.".
- Due-on-sale_clause wikiPageExternalLink usc_sec_12_00001701---j003-.html.
- Due-on-sale_clause wikiPageID "986040".
- Due-on-sale_clause wikiPageRevisionID "591675860".
- Due-on-sale_clause hasPhotoCollection Due-on-sale_clause.
- Due-on-sale_clause subject Category:Contract_clauses.
- Due-on-sale_clause subject Category:Loans.
- Due-on-sale_clause subject Category:Mortgage.
- Due-on-sale_clause subject Category:Mortgage_industry_of_the_United_States.
- Due-on-sale_clause type Abstraction100002137.
- Due-on-sale_clause type Debt113397174.
- Due-on-sale_clause type Liabilities113396054.
- Due-on-sale_clause type Loan113398953.
- Due-on-sale_clause type Loans.
- Due-on-sale_clause type Possession100032613.
- Due-on-sale_clause type Relation100031921.
- Due-on-sale_clause comment "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 (repaid in full) upon sale or transfer of ownership of the property used to secure the note.".
- Due-on-sale_clause label "Due-on-sale clause".
- Due-on-sale_clause sameAs m.03wtyb.
- Due-on-sale_clause sameAs Q5312122.
- Due-on-sale_clause sameAs Q5312122.
- Due-on-sale_clause sameAs Due-on-sale_clause.
- Due-on-sale_clause wasDerivedFrom Due-on-sale_clause?oldid=591675860.
- Due-on-sale_clause isPrimaryTopicOf Due-on-sale_clause.