Mortgage language varies, but a typical due‑on‑sale clause may read:
If all or any part of the Property or any interest in the Property is sold or transferred without Lender’s prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument.
Small differences in wording can materially affect how the clause operates.
For related posts and primary authority, see: Due‑on‑Sale Clause.
Hani Sarji
New York lawyer who cares about people, is fascinated by technology, and is writing his next book, Estate of Confusion: New York.
Leave a Comment