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Deed in lieu (of foreclosure)
| Глоссарий в сфере недвижимости и ипотеки |
A means of escaping an overly burdensome mortgage. if a homeowner can’t make the mortgage payments and can’t find a buyer for the house, many lenders will accept ownership of the property in place of the money owed on the mortgage. even if the lender won’t agree to accept the property, the homeowner can prepare a quitclaim deed that unilaterally transfers the homeowner’s property rights to the lender.
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Burdensome, английский
Unilateral, английский
- One-sided, or having a relation to only one of two or more persons or things
- Referring to one side of the head, face or body.
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Adjustable rate mortgage (arm), английский
A mortgage loan whose interest rate fluctuates according to the movements of an assigned index or a designated market indicator--such as the weekly average of one-year u.s. treasury bills--over the life of the loan. to avoid constant and drastic fluctuations, arms typically limit how often and by how much the interest rate can vary.
Administrator/administratrix, английский
A man/woman appointed by a court to settle the estate of a deceased person when there is no will. contrast with executor/executrix.
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