Page 32 - ABN Seller's Guide

2020 Seller s Guide Glossary

GLO R OF TER

Fai Ma ke Val e S e
The ice a hich a illing elle o ld ell and a S e of o e e i ed b he lende o i le
illing b e o ld b , nei he being nde in e . S e ill ho lo i e, ea emen , an
abno mal e e. enc oachmen , loca ion of im o emen , e c.

Loan O igina ion Fee Ta Se ice Fee

No mall 1% of he loan amo n , cha ged b he Re i ed b he lende fo collec ion and
lende o he b e . di b emen of a e b a e icing com an .

Mo gage Te mi e In pec ion (Wood Infe a ion)
A legal doc men ha o ide ec i fo Re i ed b b e o lende o ho o e i f ee
e a men of a omi o no e. and clea of ac i e e mi e and an ood
de o ing in ec .
Mo gage Ti le Polic
Re i ed b lende o en e a alid lien. I doe Ti le Polic
no o ec he b e . Al o e i ed fo 2nd In ance olic of he o ne hi of eal o e
mo gage . again defec in i le.

O ne ' Ti le Polic Ti le
In e he b e again lo d e o an defec of Mean o ne hi in dealing i h eal o e .
he i le no e ce ed o o e cl ded f om he olic .
Unde i ing Fee

Poin Cha ge b he lende o nde i e a loan.
Paid b he b e o elle . One oin i e al o
one e cen of he loan amo n . VA F nding Fee
Ve e an' Admini a ion cha ge fo o igina ing a VA
P incipal loan.
The em lo e of an agen in an agenc ela ion hi .
Wa eho e Fee
Reco ding Fee Cha ged b he lende o hold he loan locall

Cha ged b he Co n Reco de o eco d befo e elling i in he econda mo gage ma ke
doc men in he blic eco d . o an in e o .

Sep ic In pec ion Zoning
The e ic em m be ce ified b a a e Ac of ci a ho i ie ecif ing e of e fo
a o ed in ec o . o e .

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