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alienation clause vs acceleration clause Bnb Eth XRP crypto futures coinbase futures binance futures litecoin futures

What is the difference between acceleration clause and alienation clause?

Acceleration Clause Acceleration and alienation clauses share one commonality: They both allow lenders to demand full, immediate repayment of debt at once, at their discretion. The acceleration clause, however, is the contract language that allows lenders to begin the foreclosure process, typically after a borrower misses at least two payments.

What is an alienation clause?

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.

What is an acceleration clause?

However, while alienation clauses generally apply to instances of transfer or sale, an acceleration clause is applied when you fail to meet the terms of your loan agreement. For example, if you miss regularly scheduled loan payments, your lender can initiate an acceleration clause that acts as a demand for immediate repayment.

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