A due-on-demand is not the same thing as a due-on-sale clause. If a due-on-demand is stipulated or checked on a mortgage contract, it means the lender can demand the full payment of the loan at any time, for whatever reason. Therefore, the borrower should always ask the lender to ...
This clause is important if a homeowner wants to sell their home without paying off the loan. A due-on-sale clause allows the existing lender to call the entire loan due and payable if the homeowner transfers title to the home without paying the loan in full. A due-on-sale clause ...
摘要: In recent years, lenders, especially savings and loan associations, have begun to include due-on-sale clauses in their mortgage contracts or deeds of trust.'These clauses provide for acceleration of the balance due on the note if the mortgagor conveys the property without...
Can the Lender Enforce the Due-on-Sale Clause in a Mortgage?Bergman, Bruce J
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These expectations may not be actual fiduciary duties but they can be spelled out in an employee handbook or a contract clause. Case law indicates that breaches of fiduciary duty most often occur when a binding fiduciary relationship is in effect and actions are taken which violate or are counte...
A promissory note or financing agreement can complement the bill of sale, especially for high-value items. Warranties or As-Is Clause: Define any guarantees offered, or state if the sale is "as-is" to clarify that the buyer accepts any existing defects. Responsibilities of Each Party: ...
What Is a Short Sale on a House? Process, Alternatives, and Mistakes to Avoid In real estate, a short sale is an asking price for a home that is less than the amount that is due on its existing mortgage. more Warranty Definition, How It Works, Types, and Example ...
另外在法律英语中通常为催促,催款。如The seller issued a notice of call to the buyer to urge the buyer to pay off the balance of the amount due and owing to seller.卖方向卖方发出催款通知,要求买方向卖方支付已到期尚未支付的账款余额。