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Do you know what "Notice of Default" means?
 
 

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  • See also: Real Estate Glossary

    • Private Mortgage Insurance

    Insurance paid to a private firm to insure the top 20% to 25% of a loan against default. It is rarely required when the owners’ equity exceeds 20% of the fair market value of the property.

    See also:
  • Payment
  • Payment Cap
  • Personal Liability
  • PITI
  • Planned Unit Development
  • Plat
  • Points
  • Possession
  • Power of sale
  • Prepaid
  • Prepayment Penalty
  • Prequalification
  • Principal
  • Private Mortgage Insurance
  • Property Tax
  • PUD
  • Purchase and Sale Agreement
    •  
  • See also: Real Estate Glossary

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