|

Glossary of Real Estate terms used by Baja Real Estate Group's website.

There are 367 Real Estate entries in this glossary. Complete with definitions.
Search for Real Estate terms used in Mexico and in the U.S. (regular expression allowed)
Begins with Contains Exact term Sounds like
All | A | B | C | D | E | F | G | H | I | J | L | M | N | O | P | Q | R | S | T | U | V | W | Z

All

Term Definition
Default

The inability to make timely monthly mortgage payments or otherwise comply with mortgage terms. A loan is considered in default when payment has not been paid after 60 to 90 days. Once in default the lender can exercise legal rights defined in the contract to begin foreclosure proceedings.