mortgage forbearance

См. также в других словарях:

• Mortgage Forbearance Agreement — An agreement made between a mortgage lender and delinquent borrower in which the lender agrees not to exercise its legal right to foreclose on a mortgage and the borrower agrees to a mortgage plan that will, over a certain time period, bring the… …   Investment dictionary

• Mortgage modification — is a process where the terms of a mortgage are modified outside the original terms of the contract agreed to by the lender and borrower (i.e mortgagor and mortgagee). In general, any loan can be modified. Contents 1 Background 2 Types of… …   Wikipedia

• Forbearance — In the context of a mortgage process, forbearance is a special agreement between the lender and the borrower in order to delay a foreclosure. Loan borrowers sometimes have problems with their payments due to unexpected circumstances. This may… …   Wikipedia

• Mortgage Short Sale — The sale of a property by a financially distressed borrower for less than the outstanding mortgage balance due where the proceeds from the sale will be used to repay the lender. The lender then accepts the less than full repayment of the mortgage …   Investment dictionary

• Delinquent Mortgage — 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… …   Investment dictionary

• Loss mitigation — [http://www.hud.gov/offices/hsg/sfh/nsc/lmmltrs.cfm [Loss Mitigation Policy Guidance] ] is used to describe a third party helping a homeowner, a division within a bank that mitigates the loss of the bank, or a firm that handles the process of… …   Wikipedia

• Foreclosure — For Lacan s psychoanalytic process, see Foreclosure (psychoanalysis). House in Salinas, California under foreclosure, following the popping of the U.S. real estate bubble. Foreclosure is the legal process by which a mortgage lender (mortgagee),… …   Wikipedia

• Loan modification in the United States — Loan modification, the systematic alteration of contactual mortgage loan agreements, has been practiced in the United States since the 1930s. During the Great Depression loan modification programs took place at the state level in an effort to… …   Wikipedia

• Debt relief — is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. From antiquity through the 19th century, it refers to domestic debts, in particular agricultural debts and… …   Wikipedia

• Workout Assumption — The assumption of an existing mortgage by a qualified, third party borrower from a financially distressed borrower. By having someone else assume the mortgage, the financially distressed borrower is relieved of its obligation of repaying the… …   Investment dictionary

• usury — An unlawful contract upon the loan of money, to receive the same again with exorbitant increase. Lassman v Jacobson, 125 Minn 218, 146 NW 350. The exaction, or an agreement for the exaction, of a greater sum for the loan, use, or forbearance of… …   Ballentine's law dictionary