Top: Business: Finance and Insurance: Mortgages: Terminology: S



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Settlement

another name for closing.


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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.


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Subordinate

to place in a rank of lesser importance or to make one claim secondary to another.


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Survey

a property diagram that indicates legal boundaries, easements, encroachments, rights of way, improvement locations, etc.


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Sweat equity

using labor to build or improve a property as part of the down payment 



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