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News about Mortgages:
No. 1 — Economic crisis hits the Albemarle - The Daily AdvanceNo. 1 — Economic crisis hits the AlbemarleThe Daily Advance, NC - Dec 30, 2008In June, Pasquotank County reported issuing 201 housing permits for the previous year, less than half of the 472 issued during the building boom of 2004. ...
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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 |