FEE SIMPLE
The greatest possible interest a person can have in real estate. |
| |
FIRST MORTGAGE
The primary lien against a property. |
| |
FIXED RATE MORTGAGE
Fixed-rate loans have interest rates and payment that remain the same for the life of the loan. |
| |
FORBEARANCE
The lender's postponement of foreclosure to give the borrower time to catch up on overdue payments. |
| |
FORECLOSURE
A legal procedure in which real estate is sold by the lender to pay a defaulting borrower's debt . |
| |