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5
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A termination of a case without either entry of a discharge, or denial of a discharge.
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8
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A portion of the principal debt amount owed on a loan that is allowed to be repaid at a later date.
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9
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Give written notice no later than the 45th day of delinquency.
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10
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IRS Tax Form Reports Mortgage interest paid by borrower to lender PMI and MIP.
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12
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A loss mitigation option under which monthly payments are temporarily reduced or suspended.
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13
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The legal elimination of a debt through a bankruptcy case.
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14
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A loss mitigation tool in which the lender alters the original terms of a mortgage in the delinquent’s borrower's favor so the borrower can resume making monthly payments.
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15
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A customer will get a 1099-C when the following happens, charge-off or ____.
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16
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Agreement with the creditor and debtor that waives the discharge of a debt that would have otherwise been discharged in a bankruptcy proceeding.
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17
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Any time a payment is due and not paid.
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18
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A borrower who is current or less than 30 days past due on their mortg. pmt. and is experiencing a significant, documented reduction in income or some other hardship that will prevent them from making the next required Mortg. pmt. during month due.
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19
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The process of restoring an inactive mortgage to an active status.
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