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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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Wayne refinance mortgage news:
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Commercial Real Estate - Daily Business Review
uane Stiller, president of Woolbright Development, has seen firsthand the toll the credit crisis and slow economy have taken on the commercial real estate industry. In recent months, his retail development company has had six deals fall through ...

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