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News about Mortgages:
Hookin’ bass for a living never gets old for Frostburg native - Cumberland Times-NewsCUMBERLAND — J.T. Kenney still loves the professional bass fishing world in which he has been living and working since 2002, if you can call it work, that is. It’s not like he wakes up one day and thinks he’d rather have an office job than have ...
County seeks funding to help homeowners avoid foreclosure - Cumberland Times-NewsCUMBERLAND — The Allegany County commissioners are expected to apply for more than a half million dollars to help low- to moderate-income residents avoid foreclosure. Jim Williams, development coordinator for the county’s Department of Community ...
Today's Mortgage Terms starting with N
Notice of Default: A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.
Non-Assumption Clause: A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.
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