Real Estate Term of the Day: Delinquent
Real Estate Term of the Day: Delinquent DELINQUENT – past due. The state of having an unpaid amount after the due date and any grace period afforded has passed. Normally, delinquency occurs before a mortgage default is declared (Barron’s Dictionary of Real Estate Terms) Most banks will give a 15 day grace period for your … More Real Estate Term of the Day: Delinquent
