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Did You Know?
Front-end Ratio : The percentage of monthly before-tax income that goes toward a house payment. Used when looking at the Debt-to-income (DTI) Ratio Loan Foreclosure The legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property. This usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mortgage debt.
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