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Today's Mortgage Terms starting with N

Notice of Default:

A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.

Non-Assumption Clause:

A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.

View all Terms
Plymouth home equity loans news:
Financial News
Unversity Place litigation settled - Spokane Spokesman-Review
A settlement has been reached in litigation over the University of Idaho’s failed University Place real estate project in Boise. Under its terms, the UI Foundation will pay $2.5 million and the various parties’ insurers will pay $5.8 million, for ...

SHARC to take bite out mortgage foreclosures - KARE
He's been working for years to pay off his mortgage. 46-year-old Jim Jackson of Minneapolis wanted to eventually leave his home to his four children. But last year, an illness in the family forced him to refinance. He says, "We needed to take a loan ...

House prices down in half of all postcodes - Daily Telegraph
House prices have fallen in nearly half of all postcodes in England and Wales compared with a year ago, raising fears that tens of thousands of home owners could be plunged into negative equity. News review: So, you think you can't get a ...

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