A Due on Sale Clause Which Specifies That the Mortgage

question 30

True/False

A due on sale clause which specifies that the mortgage can accelerate the debt if the property is sold without the mortgagee's permissions is a typical clause in a mortgage document.

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Definitions:

Action Plan

A detailed proposal for doing or achieving something, outlining tasks, timelines, and resources.

Performance Opportunity

A situation or occurrence that allows an individual or organization to demonstrate their abilities and achieve significant improvements or success.

Strategic Opportunism

Focuses on long‐term objectives while being flexible in dealing with short‐term problems.

Long-Term Objectives

Goals or plans that are intended to be achieved over an extended period, typically over several years, focusing on future growth and development.