| Acronyms | Foreclosure |
|---|---|
|
What is Housing and Urban Development?
HUD
|
What is Judicial?
Filing a complaint or petition is the first legal action in a _________ foreclosure.
|
|
What is Federal Housing Administration?
FHA
|
What is Reasonable Diligence/FCL Sale timeframe?
For FHA, this timeframe begins after First Legal is filed and recorded.
|
|
What is Principal, Interest, Taxes, and Insurance?
PITI
|
What is Litigation?
Legal action resulting from a contested foreclosure.
|
|
What is Federal Emergency Management Agency?
FEMA
|
What is a restart?
This is needed in some states when a foreclosure action is interrupted by an event.
|
|
What is Federal National Mortgage Association?
FNMA
|
What is a sheriff deposit?
It is not uncommon to see this refund included with 3rd party proceeds.
|
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