Definition of "Reduction certificate"
Betty Klepetka, Real Estate Agent
The KB Home Group Of Keller Williams American Premier Realty
Lender's written statement and accounting for the remaining balance, date of maturity, and interest rate on a mortgage. The lender is certifying this information to the borrower or any other interested parties. The certificate may be issued when the property is sold and the obligation is being assumed by the purchaser.
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