Term of Day
Uh oh! You're not
Term of Day
+ Create New Flashcard
of mortgage lenders following a
. Depending upon state laws, the
filing, whereby a
is sought to compel the homeowner to
, or a non-judicial filing, whereby the lender begins by issuing a
notice of default
to the homeowner.
letter of credi...
You Also Might Like...
Deed of Trust vs. Mortgage
When buying a home most of us don't have the cash immediately available to simply buy the home outright, which results in the need for home loans. In order to secure a home loan lenders require the home to be put up as security, and the most common ...
How to Finance a Short Sale
A short sale is a real estate transaction for the purchase of a home before a bank forecloses on it. Short sales allow the owner of the home to sell the home below the market price and are subject to approval by the holder of the loan on the ...
RAM vs. ROM
How Credit Scores Help Consumers
For consumers, a credit score helps determine how much you pay for certain products and services. In some cases, it may even have an effect on your chances in obtaining employment. A credit score gives lenders an idea of your credit risk and ...
Copy & paste this HTML in your website to link to this page
Browse Dictionary by Letter: