Finance
A 'due-on-sale' clause in a mortgage requires:
AThe buyer to pay off the mortgage within one year
BThe full loan balance to be paid when the property is sold✓ Correct
CThe seller to pay the buyer's closing costs
DThe lender to approve the buyer before any sale
Explanation
A due-on-sale (alienation) clause requires the entire outstanding mortgage balance to be paid upon the sale or transfer of the property. It prevents loan assumption without lender approval.
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