|
|
Closure fees |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Closure feesA fee charged by the lender when you pay off the homeloan at the end of the mortgage term.Closure fees Similar MatchesForeclosureForeclosureThe procedure by which a homeowner forfeits his property to the lender (mortgagee) following default. This could be failure to pay interest on the loan. A foreclosure order is given by a court. Full DisclosureFull DisclosureIn real estate, revealing all the known facts which may affect the decision of a buyer or tenant. A broker must disclose known defects in the property for sale or lease. A builder must give to a potential buyer the facts of his new development (are there adequate school facilities?" sewer facilities? (an airport nearby?, etc.). A broker cannot charge a commission to buyer and seller unless both know (disclosure) and agree. DisclosureDisclosureThe providing of all information by a company in accordance with the requirements of a regulatory authority (e.g. the FSA or SEC) or in accordance with a contract. ForeclosureForeclosureProcess by which the holder of a mortgage seizes the property of a homeowner who has not made interest and/or principal payments on time as stipulated in the mortgage contract. Regulation FD (fair disclosure)Regulation FD (fair disclosure)U.S. SEC regulation whose purpose is to ensure that select groups of investors are not privy to firm-specific information before other investors. Executives are not allowed to reveal nonpublic information during their communications with analysts and select shareholders. If information is inadvertently released, they must take steps to broaden the dissemination of the information within 24 hours of discovering the disclosure. Further SuggestionsFull disclosure |
|
|
|