Definitions for "Due on Sale Clause"
A clause in a mortgage which requires that the mortgage be paid out in full upon the sale of the property against which it is secured. A purchaser may not assume a mortgage with this clause.
A loan provision allowing the lender to demand repayment of the loan in full if the property is sold.
See Alienation Clause.
Keywords:  dumping, duplicate, proxy
Dumping Duplicate Proxy