Definition of the term Due-On-Sale

A clause in a mortgage contract requiring the borrower to pay the entire outstanding balance upon sale or transfer of the property.

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About the Home Inspector
Dan Joandrea

- I have been working in the home remodeling / construction industry for over 11 years. I have decided to open a home inspection company to help real estate home buyers to make an informed decision before making their biggest investment of their life. The home inspection is a very important step when purchasing a home.