Finance
A 'due on sale' clause in a mortgage requires:
AThe buyer to pay all closing costs
BThe full loan balance to be paid when the property is sold✓ Correct
CMonthly payments to be due at the time of sale
DThe seller to pay points at closing
Explanation
A due-on-sale (alienation) clause requires the full loan balance to be paid off when the property is transferred to a new owner, preventing loan assumptions without lender approval.
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