Provision included in a mortgage agreement that permits the designated buyer to received the title (deed) to the property after the debt obligations associated with the property have been fulfilled. The buyer has no right to the title until all principal and interest payments have been made.
Related information about defeasance clause:
- Defeasance Clause Definition | Investopedia
A mortgage provision indicating that the borrower will be given the title to the property once all mortgage terms are met. The defeasance clause is not required in ...
- Defeasance Clause - Legal Dictionary - The Free Dictionary
A provision of a mortgage—an interest in land given to a mortgagee-lender to secure the payment of a debt—which promises that the mortgagor-borrower will ...
- What is defeasance clause? definition and meaning
Definition of defeasance clause: Provision included in a mortgage agreement that permits the designated buyer to received the title (deed) to the property after ...
- Defeasance Clause Law & Legal Definition
Defeasance clause is a provision in a mortgage deed that provides that the conveyance to the mortgagee will be ineffective if the mortgagor pays the debt on ...
- What Is a Defeasance Clause?
A defeasance clause is a statement in a mortgage contract indicating that once the borrower has met all the obligations for the loan, the lender is required to ...
- Defeasance Clause Definition - Financial Web
The defeasance clause arose out the English common law. The defeasance clause is a provision that states when the borrower satisfies the terms of his or her ...
- Definition of defeasance clause
defeasance clause -- the clause in a mortgage agreement that gives the borrower the right to redeem title to the property upon payment to the lender of the ...
- What is Defeasance Clause | News regarding Structured ...
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