What is the meaning of Due on Sale?

Due on Sale is a clause which requires the immediate and full payment of the existing mortgage in the event of a transfer of ownership, sale, death, or some refinancings. This clause is usually specific as to what events will trigger the repayment of the mortgage.

5
 
|15 years ago|181 views|share |citing 
APABarry Goldsmith. (2010). due on sale. Retrieved September 28, 2026, from http://smartdefine.org/due_on_sale/definitions/1152514
ChicagoBarry Goldsmith. 2010. "due on sale" http://smartdefine.org/due_on_sale/definitions/1152514 (accessed September 28, 2026).
HarvardBarry Goldsmith 2010, due on sale, Smart Define, viewed 28 September, 2026, <http://smartdefine.org/due_on_sale/definitions/1152514>.
MLABarry Goldsmith. "due on sale" 21 October 2010. Web. 28 September 2026. <http://smartdefine.org/due_on_sale/definitions/1152514>