| 单词 | delinquent mortgage |
| 释义 | delinquent mortgageDefinition A mortgage on which the borrower has failed to make the required payments. Failure to make the required payments gives the lender has the right to foreclose the mortgage and report the delinquency to credit bureaus. However, the borrower may cure the delinquency by paying the outstanding balance to conform to the payment schedule or arrange a loan restructure with the lender. |
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