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First Mortgage

In real estate finance, a First Mortgage is a mortgage that has priority over all other voluntary liens on a property. This priority generally means that the first mortgage must be paid off before any subordinate mortgages or liens if the property is sold or...

Bridge Loan

In real estate transactions, a bridge loan is a short-term financing option designed to provide...

Breach

The breaking of a contractual obligation or duty, either by omission or commission. Breaching a...

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HUD

HOUSING & URBAN DEVELOPMENT

HUD

(Department of Housing and Urban Development)

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