Even if the lender is legally entitled to invoke a due-on-sale clause, there can be situations in which it may elect not to. For example, in a weak housing market, it might be advantageous for the lender to allow a new buyer to assume the old mortgage rather than risk the possibility...
Especially during the market collapse between the years 2006 and 2011, because lenders at that point were simply thrilled to be paid at all, they didn't care who paid them as long the mortgage was not delinquent. When the Due-on-Sale Clause Is Enforced ...
Due-on-Sale Mortgage Clause as a Method of Reconciling the Competing Interests of Lender and Borrower, TheIn February of 1968, First Federal Savings and Loan Association of Charlotte, North Carolina, became the holder of an $80,000 promissory note at seven percent. 1 The note was secured by...
Due On Sale The due on sale clause is a provision contained in a mortgage contract the gives the lender the right to demand the full repayment of theloan balancefrom the borrower when the property in question is sold. This clause is almost always triggered by a lender when a property is s...
The due-on-sale clause contained in most conventional home mortgage contracts is equivalent to a prepayment penalty equal to the difference between the fac... KB Dunn,CS Spatt - 《Journal of Finance》 被引量: 150发表: 1985年 Private information and incentives: Implications for mortgage contract...
Due-on-Demand Clause vs. Due-on-Sale Clause 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...
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The food, drink and events-watching venue was due to close after its landlord announced plans to trigger a break clause in the lease. However, in itslatest accounts filing, it said: "An agreement was reached with the landlord to remain on site under a short-term lease and negotiations are...
Not much time elapsed, however, before the Court effected a complete withdrawal from this position, and by 1890141 it had fully converted the Due Process Clause into a restriction on the power of state agencies to impose rates that, in a judge’s estimation, were arbitrary or unreasonable. ...
by a majority of the members of the Board of Directors who are members on the date hereof), or (e) the execution by the Company of an agreement to which the Company is a party or by which it is bound, providing for any of the events set forth in clauses (a) through (d) above...