A defeasance clause in real estate is a provision in loan agreements that defines how a borrower can satisfy the lender's requirements in order to release their lien on the property. This clause can ...

A due on sale clause is a provision in a mortgage contract that requires the borrower to repay the remaining loan balance in full if the property is sold or transferred. This clause protects lenders ...

Add Yahoo as a preferred source to see more of our stories on Google. In other words, once you sell your home, your entire remaining mortgage balance becomes due immediately—you can’t pass the loan on ...