The "Due on Sale" Provision in a Mortgage Means That

question 23

True/False

The "due on sale" provision in a mortgage means that if the mortgage is sold, the debt secured by the mortgage will become due and payable.

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Definitions:

Avoid

To stay away from or prevent the occurrence of a situation or condition.

Negligence

The failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in harm or damage.

Auto Repair

Professional services aimed at diagnosing and fixing issues with vehicles, including maintenance, parts replacement, and cosmetic repairs.

Liability

A legal responsibility or obligation, often of a financial nature.