Foreclosure terms Crossword
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
                                      
 
 
Down: 1) The actual action in which a property is offered for sale to the public after foreclosure.4) A legal document served publicly usually by posting in the local newspaper and giving notice of the trustee auction date.5) The legal holder of a property who conducts the foreclosure process on behalf of a lender.6) A legal document after the occurrence of a default under a deed of trust or mortgage.8) The systematic and cont uae repayment of an obligation through periodic installments until the debt has been paid in full.12) The difference between the value of a home and the amount owed.13) independent assessment of property value14) liquidation option which involves the transfer of title from a delinquent mortgagor to the mortgage (lender) instead of foreclosure18) An account held by a lender to which the borrower pays monthly installments for taxes and insurance and from which the lender disburses (pays) these payments. Across: 2) The actual interest rate the borrower pays when all the costs of obtaining credit are included.3) Total housing costs including HOA, taxes, insurance and mortgage7) In mortgage lending, the holder or a mortgage, or a permanent lender for whom the mortgage banker services the loan.9) The legal process in which a property reverts to the lender due to default on the part of the borrower.10) A loan servicer processes mortgage payments, escrow accounts for taxes and insurance and conducts foreclosures for an investor.11) In mortgage lending, the holder or a mortgage, or a permanent lender for whom the mortgage banker services the loan.14) A breach or non-performance of the terms of a note or the covenants of a mortgage or deed of trust15) The percentage of an amount of money which is paid for its use for a specified time.16) Any change in the terms of the loan, any change in the borrower's liability of the loan.17) also referred to as the back end ratio, total housing expenses + consumer debt divided by gross income19) An agreement in which the mortgage payment is reduced or suspended for a specific amount of time.
 

 

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