by Ethan Atkinson | May 17, 2026 | A-E, PropertyPedia
An acceleration clause is a provision commonly found in mortgage agreements and promissory notes that gives the lender the right to demand immediate repayment of the entire remaining loan balance if the borrower violates certain terms of the loan. The clause is most...
by Ethan Atkinson | May 17, 2026 | A-E, PropertyPedia
Equitable title is the legal concept describing a buyer’s beneficial interest in real property after entering into a valid and enforceable purchase agreement, but before the formal transfer of legal title through delivery and recording of the deed. Under the doctrine...
by Ethan Atkinson | May 15, 2026 | A-E, PropertyPedia
Equitable redemption is a borrower’s legal right to prevent a foreclosure sale by paying the full amount owed on a mortgage loan, including principal, interest, fees, and allowable foreclosure costs, before the foreclosure sale is completed. This right arises from...
by Ethan Atkinson | May 15, 2026 | A-E, PropertyPedia
Combined Loan-to-Value (“CLTV”) is a mortgage lending ratio used to measure the total amount of debt secured by a property compared to the property’s appraised value or purchase price, whichever is lower. Unlike the standard Loan-to-Value (“LTV”) ratio, which...
by Ethan Atkinson | May 15, 2026 | A-E, PropertyPedia
The Equal Credit Opportunity Act (“ECOA”) is a federal civil rights law enacted in 1974 that prohibits discrimination in any aspect of a credit transaction. Implemented through Regulation B, ECOA applies to creditors involved in consumer and commercial lending,...
by Ethan Atkinson | May 15, 2026 | A-E, PropertyPedia
The Consumer Handbook on Adjustable-Rate Mortgages (“CHARM Booklet”) is a consumer disclosure document developed by federal regulatory agencies to help borrowers understand adjustable-rate mortgage (“ARM”) loans and the risks associated with them. Mortgage lenders are...
