Official Decree otherwise Judge Order Confirmation away from a legal ruling you to definitely has an effect on an effective borrower’s possessions or personal debt obligations. Examples you’ll is showing one a duty to make certain obligations repayments might have been assigned to someone else, otherwise confirming this new transfer regarding possessions ownership.
L
Late Costs The punishment a debtor need to pay when a payment is established a stated amount of weeks (usually fifteen) adopting the deadline.
Lease-Get Yardsortgage loan An option funding solution which allows reduced- and reasonable-earnings homebuyers to help you lease a property having a solution to buy. For each month’s rent fee consists of prominent, attract, taxation and you can insurance policies (PITI) payments on the first-mortgage along with a supplementary count one can add up when you look at the a checking account to own a downpayment.