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Home Value Highwire - WTOP RadioOn Monday, we featured the Ninmag family in our weekly Home Value Highwire. Mark Ninmag gave up his new job to care for his wife who had colon cancer that spread to her liver. He's now received the second foreclosure notice on his Herndon home. "At ...
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Today's Mortgage Terms starting with N
Notice of Default: A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.
Non-Assumption Clause: A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.
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