Sentences with phrase «mortgage acceleration clause»

The mortgage acceleration clause is a provision in the mortgage loan contract that provides the lender with the legal right to demand repayment of the remaining balance of the loan under certain circumstances, usually when a contractual obligation is violated.

From a property investment point of view the mortgage acceleration clause means that when the investor is exiting a property investment by selling the property there will be an immediate demand from the lender for repayment of the remaining balance of the loan.

The mortgage acceleration clause falls under the general term of «demand features» that may be included in a mortgage document.

The mortgage acceleration clause is a provision in the mortgage loan contract that provides the lender with the legal...

Not exact matches

Acceleration Clause Included in a mortgage, it allows the lender to demand early payment (sometimes in full) for certain reasons, such as defaulting on the loan, destruction of property, or transfer of title.

Acceleration Clause A provision in a mortgage that gives the lender the right to demand payment of the entire outstanding balance if a series of monthly payments are missed.

Acceleration Clause: This is written into mortgage contracts in case you miss a payment and go into default with your loan.

Acceleration Clause Provision in a mortgage that allows the lender to demand payment of the entire principal balance if a monthly payment is missed or some other default occurs.

Almost every existing mortgage today contains an alienation clause that calls for acceleration of the loan in the event the property is sold.

The «due on sale» (aka «acceleration clause») is a provision in a mortgage document that gives the lender the right to demand payment of the remaining balance of the loan when the property is sold.

The only way to complete a successful contract for deed transaction is to conceal it from the mortgage holder, to prevent acceleration of the loan under the due - on - sale clause.

Typically, the circumstances that will trigger the acceleration clause are specifically spelled out in the mortgage document.