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Apr 25, 2024 · An alienation clause clause allows a mortgage lender to receive full repayment of the loan if the borrower sells the home. An alienation clause voids certain...
Jul 19, 2024 · The alienation clause, or due-on-sale clause, requires all mortgage payments be made at the time of sale. Learn how it impacts borrowers and real estate.
Apr 24, 2024 · An alienation clause is a provision in a mortgage contract requiring the seller to settle any outstanding balance — including any principal and accrued interest — before a property’s title ...
Apr 29, 2024 · An alienation clause, also known as a “ due on sale ” clause, is a provision in your mortgage that requires you to pay off the loan balance before you can transfer your property to someone else.
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...
Nov 10, 2021 · An alienation clause prohibits the transfer of a loan obligation upon the sale of a property and renders the full loan balance due. Learn how it works.
Jun 28, 2023 · Alienation clauses protect the interests of lenders and lessors, ensuring they retain control over their assets and maintain the ability to approve or deny new parties seeking to take an interest in the property.
Mar 21, 2024 · Alienation clauses protect lenders from credit risks associated with new borrowers taking on assumable mortgage contracts. These clauses ensure that the original borrower repays the debt promptly, mitigating the risk for the lender.
An alienation clause is a provision in a mortgage or lease agreement that prevents the property owner from transferring their rights to the property without the lender’s or lessor’s consent.
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...
