When a homeowner sells a property with a mortgage, in most cases, they will need to pay off the mortgage at closing. A due-on-sale clause specifies that the remaining balance of a mortgage must be ...

Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the impact of technology on contemporary arts and culture.

Escalation clauses incrementally increase your offer on a home if the seller receives higher bids, up to a maximum price. Including one in your purchase offer can help you stay competitive without ...