acceleration clause

Real Estate’s OTHER Acceleration Clause

How Lenders (& Local Governments) Avoid Getting Left Holding the Bag First, a word about real estate’s better known — OK, less obscure — acceleration clause. Also known as a “due on sale” clause, it’s that little paragraph in very fine print at the end of each mortgage that provides if the homeowner transfers title...
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“Can I Donate My Underwater House to a Non-Profit (i.e., Charity)?”

That’s the question I fielded the other week from a client on behalf of their friend, who was leaving town imminently, and was (deeply) underwater on their North Minneapolis home. The short answer:  ‘no.’ The more detailed answer:  “no, for about 18 different reasons,” starting with the fact that what the underwater homeowner is essentially “donating” is a...
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