Page 29 - ABN - Buyer Guide

2020 Buyer s Guide Glossary

GLO AR OF TER

Fa Ma Va S
The p ice a hich a illing elle o ld ell and a S e of p ope 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 p e e. enc oachmen , loca ion of imp o emen , e c.

L a O a F Ta S c F

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 compan .

M a T I c (W d I a )
A legal doc men ha p o ide ec i fo Re i ed b b e o lende o ho p ope i f ee
epa men of a p omi o no e. and clea of ac i e e mi e and an ood
de o ing in ec .
M a T P c
Re i ed b lende o en e a alid lien. I doe T P c
no p o ec he b e . Al o e i ed fo 2nd In ance polic of he o ne hip of eal p ope
mo gage . again defec in i le.

O ' T P c T
In e he b e again lo d e o an defec of Mean o ne hip in dealing i h eal p ope .
he i le no e cep ed o o e cl ded f om he polic .
U d F

P Cha ge b he lende o nde i e a loan.
Paid b he b e o elle . One poin i e al o
one pe cen of he loan amo n . VA F d F
Ve e an' Admini a ion cha ge fo o igina ing a VA
P c a loan.
The emplo e of an agen in an agenc ela ion hip.
Wa F
R c d F 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 p blic eco d . o an in e o .

S c I c Z
The ep ic em m be ce ified b a a e Ac of ci a ho i ie pecif ing pe of e fo
app o ed in pec o . p ope .

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