A bankruptcy reaffirmation clause allows debtors to keep certain secured debts during bankruptcy by agreeing...
A repurchase request is when an investor demands that a lender buy back a loan that fails to meet agreed...
A Notice to Cure Default is a formal warning from a lender notifying you of a loan contract violation...
The Home Affordable Unemployment Program (UP) was a federal effort to help unemployed homeowners pause...
The Home Affordable Foreclosure Alternatives (HAFA) program provided homeowners a structured way to avoid...
An early payoff discount allows borrowers to pay off loans early for less than the remaining balance,...
A cure period clause is a contract provision that allows a party who has breached the agreement a set...
A zero prepayment penalty clause lets borrowers pay off loans early or refinance without incurring extra...
A short sale deficiency waiver is a lender's written promise to forgive the remaining mortgage debt after...
The right to reinstate allows borrowers to stop foreclosure or repossession by paying past-due amounts...