Finance
A 'due-on-sale' clause in a mortgage means:
AThe entire loan balance is due when the property is sold✓ Correct
BThe seller must pay off any liens before closing
CThe lender can call the loan due if the borrower defaults
DThe buyer must pay the remaining balance immediately
Explanation
A due-on-sale (alienation) clause requires the entire mortgage balance to be paid when the property is sold or transferred. It prevents assumption of the loan without lender approval.
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