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Property services company MCS enters reverse mortgage space

Housing Wire

has been in business for more than 50 years and offers regulatory compliant default, rental and real estate-owned (REO) residential and commercial property preservation services. It also says that Five Brothers will be integrated into MCS to offer property preservation, maintenance and renovation services.

Mortgages 357
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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? Original principal balance. The original principal balance is the total amount owed on a loan before any repayment begins. A PUD is a grouping of residential buildings. Real-estate owned (REO).