Remove Principal Remove Real-estate owned Remove Residential Remove Short sale
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

How else would you and your clients understand how much is being paid in principal and interest over the years? This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property. Original principal balance. A PUD is a grouping of residential buildings. Foreclosure. Freddie Mac.