A contingent promise to reimburse an insured lender for costs resulting from a foreclosure.
Related information about Certificate of Claim:
- What is Certificate of Claim? - InvestorWords.com
Definition of Certificate of Claim: A contingent promise to reimburse an insured lender for costs resulting from a foreclosure.
- What is certificate of claim? - BusinessDictionary.com
Definition of certificate of claim: Part of a loan agreement, in which the borrower undertakes to reimburse the lender if a foreclosure sale on the mortgaged asset ...
- Certificate of Claim: Definition from Answers.com
Certificate of Claim Borrower's agreement to reimburse a lender for out-of-pocket expenses associated with a foreclosure auction on a defaulted mortgage.
- Certificate of Claim
A contingent promise to reimburse an insured lender for costs resulting from a foreclosure.
- Subpart E—Mortgage Insurance Procedures and Processing - Justia
... the Secretary's approval of a claim, the claim will be settled by issuance of cash , debentures or both, and, in certain cases, by issuance of a certificate of claim.
- 12 USC § 1739 - Mortgage insurance benefits | LII / Legal ...
The certificate of claim issued by the Secretary to any mortgagee shall be for an ... Each such certificate of claim shall provide that there shall accrue to the holder ...
- Tax Lien Certificate Definition | Investopedia
A certificate of claim against property that has a lien placed upon it as a result of unpaid property taxes. Tax lien certificates are generally sold to investors by ...
- Glossary of Terms Page
Certificate of claim: A contingent promise to reimburse an insured mortgagee for certain costs incurred during foreclosure of an insured mortgage, provided the ...