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1. www.investopedia.com › terms › aAlienation Clause: What it Means, How it Works - Investopedia

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   Apr 25, 2024 · An alienation clause voids certain contractual obligations to an asset if that asset is sold or if ownership is transferred to another entity. These clauses are common in mortgage loans, which ...

   • Author: Julia Kagan

2. www.bankrate.com › mortgages › alienation-clauseWhat Is An Alienation Clause And How Does It Work? - Bankrate

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   Apr 24, 2024 · An alienation clause is a provision in a mortgage contract requiring the seller to settle any outstanding balance — including any principal and accrued interest — before a property’s title ...

   • While alienation clauses prevent homeowners from transferring their mortgage to a buyer before paying back their loan, assumable mortgages are almo...
   • If a borrower fails to make good on the alienation clause, the lender has the right to take legal action against the borrower.
   • Each home loan is its own agreement that is subject to specific terms and conditions, including an alienation clause. It is possible to refinance a...
   • An alienation clause is a common agreement made for both residential and commercial properties. However, there are some cases where an alienation c...

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     Alienation Clause: What is it? Real estate license exam questions.

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     What's the Difference Between Alienation and Acceleration Clause [Illinois Broker Exam]

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4. www.rocketmortgage.com › learn › alienation-clauseWhat Is The Alienation Clause In Real Estate? - Rocket Mortgage

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   Jul 19, 2024 · An alienation clause requires a borrower to pay the remainder of their mortgage loan balance off immediately during the sale or transfer of a property title and before a new buyer can take ownership. It goes into effect regardless of whether the transfer is voluntary or not. This clause is standard in most mortgage agreements today.

5. www.homelight.com › blog › alienation-clauseWhat Is an Alienation Clause in a Mortgage Agreement? - HomeLight

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   Apr 29, 2024 · An alienation clause, also known as a “ due on sale ” clause, is a provision in your mortgage that requires you to pay off the loan balance before you can transfer your property to someone else. This clause is a standard part of many mortgage agreements and often plays an important role in the process of selling your home or transferring ...

   • Author: Richard Haddad

6. www.thebalancemoney.com › what-is-an-alienationWhat Is an Alienation Clause in Real Estate? - The Balance

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   Nov 10, 2021 · An alienation clause, or due-on-sale clause, is part of a mortgage contract that prevents the borrower from transferring the loan with the sale of the home. The clause requires the original borrower to make full payment of the remaining loan balance upon completion of the sale.

7. www.sofi.com › learn › contentDue-on-Sale Clause (Alienation Clause) in Real Estate - SoFi

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   Sep 20, 2024 · A mortgage due-on-sale clause or alienation clause requires that the loan be paid in full when the home is sold. You may have heard about assumable mortgages becoming more popular as a way for buyers to sidestep higher interest rates by taking over a seller’s mortgage at a lower-than-typical rate. The due-on-sale clause prevents one buyer’s ...

8. People also ask

   What is an alienation clause in real estate?

   • An alienation clause is common in most mortgage contracts. But what is alienation in real estate? This is a provision that requires a home seller to repay their mortgage balance at the time of sale. Here’s what that means for the current homeowner and, sometimes, for the homebuyer as well.

   What Is An Alienation Clause And How Does It Work? - Bankrate

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   What is a mortgage alienation clause?

   • The clause provides assurances to the lender that the debt will be fully repaid in the event of a real estate sale or if the property is transferred to another party. The alienation clause essentially releases the borrower from their obligations to the lender since the proceeds from the home sale will pay off the mortgage balance.

   Alienation Clause: What it Means, How it Works - Investopedia

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   When does an alienation clause go into effect?

   • It goes into effect regardless of whether the transfer is voluntary or not. This clause is standard in most mortgage agreements today. Typically, when a mortgaged property transfers ownership, an alienation clause requires the previous owner to repay the loan’s remaining balance right away.

   What Is The Alienation Clause In Real Estate? | Rocket Mortgage

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   Are alienation clauses enforceable?

   • The 1982 Garn-St. Germain Act made alienation clauses enforceable. Since then, lenders have used the clause as insurance that borrowers will repay their loans. An alienation clause also prevents new buyers from assuming the previous owner’s interest rate, which would likely be lower than current mortgage rates.

   What Is The Alienation Clause In Real Estate? | Rocket Mortgage

   www.rocketmortgage.com/learn/alienation-clause

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   What is an alienation clause vs a due-on-sale clause?

   • The terms “alienation clause” and “due-on-sale clause” are interchangeable and mean the same thing. Since an alienation clause makes it so that the loan becomes due at the time of sale, this provision can also be called a due-on-sale clause. When comparing an alienation clause vs. an acceleration clause, there are many similarities.

   What Is An Alienation Clause And How Does It Work? - Bankrate

   www.bankrate.com/mortgages/alienation-clause/

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   What is the difference between an alienation clause and an assumable mortgage?

   • While alienation clauses prevent homeowners from transferring their mortgage to a buyer before paying back their loan, assumable mortgages are almost the opposite. If a mortgage is assumable, it means that a buyer can take over the current mortgage — with its rate and terms intact.

   What Is An Alienation Clause And How Does It Work? - Bankrate

   www.bankrate.com/mortgages/alienation-clause/

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9. mykukun.com › blog › alienation-clauseAlienation Clause: Vital Things to Know About the Provision

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   Aug 27, 2021 · Alienation clause is a provision that’s found in almost all financial or property insurance contracts. The clause typically allows the transfer or sale of an asset only when the main party fulfills its financial obligation. This clause gives the lender a kind of security that their money will be repaid completely.