Accusation at Mortgage Glossary
What is it? The first step in a disciplinary action against a licensee.Mortgage Dictionary Term Added By: Faith
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Other Similar Mortgage Terms:
Mortgage Term Redemption is The right of a defaulted property owner to recover his or her property by curing the default. (See equitable redemption, statutory redemption)Mortgage Term Closing Statement is A detailed cash accounting of a real estate transaction showing all cash received, all charges and credits made and all cash paid out in the transaction.
Mortgage Term Mrs. Murphys Exemption is The common description of the exemption that applies to an owner-occupied building with four or fewer units.
Mortgage Term Voluntary lien is A lien that a homeowner willingly gives to a lender.
Mortgage Term Prepaid Items is On a closing statement, items that have been paid in advance by the seller, such as insurance premiums and some real estate taxes, for which he or she must be reimbursed by the buyer.