DELINQUENT MORTGAGE

Delinquent Mortgage: translation

A mortgage for which the borrower has failed to make payments as required in the loan documents. If the borrower can't bring the payments current within a certain time period, the lender may initialize foreclosure proceedings.

Foreclosure is a last resort for lenders because it is an expensive procedure and lenders typically lose money in foreclosure proceedings. A forbearance agreement is a potential option to foreclosure if the borrower's financial difficulties are temporary. A deed in lieu of foreclosure is another option to foreclosure.

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Смотреть что такое DELINQUENT MORTGAGE в других словарях:

DELINQUENT MORTGAGE

фин. просроченная ипотека* (ипотечный кредит, по которому заемщик задержал платежи) See:delinquency charge

DELINQUENT MORTGAGE

просроченная ипотека ; неисправная ипотека ;

DELINQUENT MORTGAGE

просроченная ипотека ; неисправная ипотека ;

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