This refers to a clause in a mortgage that gives the lender the right to call the loan immediately due and payable once the owner sells or transfers title to the property. The borrower must pay the mortgage in full before they can transfer the property to another person.
Alienation clause
This refers to a clause in a mortgage that gives the lender the right to call the loan immediately due and payable once the owner sells or transfers title to the property. The borrower must pay the mortgage in full before they can transfer the property to another person.
