A provision in the mortgage that gives the mortgagee the right to call the mortgage due and payable at the end of a specified period for whatever reason.
Steve Stoddard is a licensed Realtor and broker affiliated with Suburban Realty Inc of Manchester NH and works with clients as both a buyer's agent and a sellers agent in the purchase and sales of single family homes, multi-family homes, and condominiums in the greater Manchester NH area. Suburban Realty, Inc. is an authorized HUD home broker.