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Web due on sale clause (also known as an alienation clause ): When a homeowner sells a property with a mortgage, in most cases, they will need to pay off the mortgage at closing. Borrower shall not sell, transfer, or convey the property in whole or in part without department’s prior written consent. Iu is already looking forward.
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The “due on sale” clause is probably the most talked about, most feared, and most misunderstood topic in real estate investing. Web the last exception would be the sale by buyer in possession which is also the main focus of this assignment, this exception is contrary to s 25 (1) of the sales of.
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