Mortgage - Law Dictionary Search Results
Hypothecate
debt or engagement without delivery of possession or transfer of title to pledge without delivery of possession to mortgage as ships or other personal property to make a contract by bottomry See Hypothecation Bottomry
savings and loan association
organized to hold savings of members in the form of dividend-bearing shares and to invest chiefly in home mortgage loans
up front charges
up front charges the fees charged to homeowners by the lender at the time of closing a mortgage loan. This includes points, broker's fees, insurance, and other charges. Source: U.S. Department of Housing and Urban Development
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sale
satisfy a creditor's judgment against a debtor foreclosure sale : a sale of property upon default of a mortgage to satisfy the debt judicial sale : a sale of property conducted by an authorized official by order
partial claim
allows a borrower, with help from a lender, to get an interest-free loan from HUD to bring their mortgage payments up to date. Source: U.S. Department of Housing and Urban Development
revenue stamp
for use as evidence of a tax (as on a package of cigarettes, a proprietary article, or a mortgage or deed) : tax stamp
no cash out refinance
no cash out refinance a refinance of an existing loan only for the amount remaining on the mortgage. The borrower does not get any cash against the equity of the home. Also called a "rate and
non-recourse
on default only out of the particular collateral given and not out of the debtor's other assets [a mortgage] [a creditor] compare recourse
nondischargeable debt
nondischargeable debt A debt that cannot be eliminated in bankruptcy. Examples include a home mortgage, debts for alimony or child support, certain taxes, debts for most government funded or guaranteed educational loans or
note
: a note containing a confession of judgment collateral note : a note secured esp. by a collateral mortgage and pledged to secure an obligation of which a hand note usually serves as evidence demand note :
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