Alienation Clause

A term of a mortgage which allows the creditor to demand payment in full of principal and interest due upon the sale of the property.

A provision that requires the borrower to pay the balance of the loan in a lump sum after the property is sold or transferred.

Related Terms:

  1. Absorption Rate
  2. Abut
  3. Acceleration Clause
  4. Additional Principal Payment
  5. Advance

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