S
Settlement
Another name for closing
Special Forbearance
A loss mitigation option where the lender arranges a revised repayment plan for the borrower that may include a temporary reduction or suspension of monthly loan payments.
Subordinate
To place in a rank of lesser importance or to make one claim secondary to another.
Survey
A property diagram that indicates legal boundaries, easements, encroachments, rights of way, improvement locations, etc.
Sweat Equity
Using labor to build or improve a property as part of the down payment. |