Finance
A 'due-on-sale' clause in a mortgage requires:
AThe seller to pay off the mortgage before listing
BThe full loan balance to be paid when the property is sold or transferred✓ Correct
CThe buyer to assume the existing mortgage
DMonthly escrow deposits for taxes and insurance
Explanation
A due-on-sale clause (also called an acceleration clause) requires the full outstanding loan balance to be paid when the property is sold or title is transferred.
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