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due on sale clause with caring instalement sale contracts?
Posted by: John
Date: January 21, 2009 12:02:36 AM

Hi there, I have a ”due on sale clause”, on my mortgage contract.If I sell or transfer any part of the property before my mortgage is paid off, the entire balance is due immediately. If I carry an instalement sales contract, will I still be required to payoff the mortgage even though the ownership does’nt transfer to the buyer untill after the contract is paid?
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