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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.

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Jasper mortgage quotes news:
Financial News
Reports of racial harassment spread - Bangor Daily News
Since Sen. Barack Obama won last week’s presidential election, there have been at least five incidents of alleged racial threats or confrontations in Maine that are being investigated by authorities. Whether or not criminal charges result from the ...

State makes millions available in flood aid - Globe Gazette
DES MOINES — A state program designed to help Iowa recover from disasters in recent months will set aside more than $4.7 million in housing aid and more than $720,000 in help for small businesses in Cerro Gordo County and surrounding areas, Iowa ...

M. R. from Canada writes: - Globe and Mail
///Characterizing the measure as an irresponsible tax cut for the wealthy, Finance Minister Jim Flaherty said he would make a provision squashing the proposal as part of forthcoming legislation related to last month's budget./// Strange, I think this ...

UPDATE: Assassination plot targeting Obama disrupted - Evansville Courier-Press
Daniel Gregory Cowart BELLS, Tenn. — In a rural Tennessee county where you can’t buy alcohol or even find a Wal-Mart, residents of tiny Bells stopped each other to ask if anyone knew the pale-skinned young local accused of plotting to kill dozens ...

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