Property foreclosure Court process in which assets protecting debt is available by the lender to expend the latest defaulting borrower’s financial obligation
Freddie Mac/Government Home loan Mortgage Company (FHLMC) A paid company that requests old-fashioned mortgage loans of covered depository associations and you may HUD-acknowledged mortgage lenders.
Free and you can Clear This is certainly a term used in a house that will not have liens or costs recorded with the label.