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RM Reports / RM Warehouse

Weekly Word Wizard – RealtyMyths

Welcome back to RealtyMyths weekly word wizard! Here are the words for this week.

Contingency – A condition that must be met before a contract is legally binding.

Delinquency – A loan in which a payment is overdue but not yet in default.

Due-On-Sale Provision – A provision in a mortgage that allows the lender to demand repayment in full if the borrower sells the property that serves as security for the mortgage.

Easement – A right of way giving persons other than the owner access to or over a property.

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