|
|
DEFAULT
|
|
|
Failure to make the mortgage payment within a specified
period of time. For first mortgages or first trust deeds, if
a payment has still not been made within 30 days of the due
date, the loan is considered to be in default. |
|
|
BACK TO GLOSSARY |
|
| |
|
|
|
|
 |
|
Simplicity
Mortgage - 6180
E. State Street, Suite #5 - Rockford, IL.
61108
|
| |
|
|
|
|
|
|