Definition: A condition in a mortgage that the entire unpaid balance becomes due and payable if the borrower defaults on the promissory note.
Pronunciation: ik-ˌse-lə-ˈrā-shən
Used in a Sentence: The lender activated the acceleration clause in the mortgage when the borrower stopped making payments.
What are your plans for 2025? Now, if you're thinking, "It's only October," you're absolutely right! It's October 4th, and believe it or not, there are only 89 days remaining...
What are your plans for 2025? Now, if you're thinking, "It's only October," you're absolutely right! It's October 4th, and believe it or not, there are only 89 days remaining...
How to Start a Full-Time Real Estate Career in Florida Thinking of embarking on a real estate career in the Sunshine State? Florida presents lucrative opportunities for real estate professionals...
How to Start a Full-Time Real Estate Career in Florida Thinking of embarking on a real estate career in the Sunshine State? Florida presents lucrative opportunities for real estate professionals...
We are thrilled to invite you to an exclusive live broadcast happening today at 12 PM Noon Eastern. This session is tailored for real estate professionals eager to stay...
We are thrilled to invite you to an exclusive live broadcast happening today at 12 PM Noon Eastern. This session is tailored for real estate professionals eager to stay...
