Delinquency | Real Estate Glossary

Definition of "Delinquency"

Patty Rainey

Crye Leike Realtors

Being behind in a payment on a tax or debt when due (on the due date of payment or before the grace period).

Pension or other employee benefit plan that favors highly compensated employees or top executives or ...

Written notice to an insured showing date of termination of an insurance policy. ...

Residential or commercial building of two or more floors that can only be accessed through stairs. I ...

See ordinary annuity. ...

Some states make the legal assumption, based on title theory, that the mortgagee is a partial owner ...

Organization of home service debit life insurance companies and combination companies. ...

A home warranty is a guarantee for certain features of a new home-for instance, the materials and wo ...

A negative amortization is a type of loan situation that occurs when the monthly payments do not cov ...

A lease purchase mortgage is a financing option that allows potential homebuyers to lease a property ...

Flood insurance is insurance that compensates for the physical property damage resulting from rising ...

Hazard insurance is insurance coverage that compensates for physical damage to a property from natur ...

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the i ...

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