HomeSite MapCompareFinanceDebtCasino Due on sale clauseThe mortgage definition for Due on sale clause:Standard language in a mortgage which states that the loan must be paid when a house is sold. Similar MatchesAcceleration clauseAcceleration clauseA provision that gives the lender the right to collect the balance of a loan if a borrower misses a payment. Alienation clauseAlienation clauseA provision that requires the borrower to pay the balance of the loan in a lump sum after the property is sold or transferred. Assumption clauseAssumption clauseA clause stating that the seller has passed to the buyer full responsibility for the mortgage on the property. Often, an assumption fee must be paid to the mortgage lender. Click to compare definitions of Due on sale clause Click to view definitions beginning du |