Identity of Interest

Identity of Interest

Identity of Interest refers to a transaction between family members, business partners or other business affiliates. Imminent Default A Borrower facing Imminent Default is defined as a Borrower who is current or less than 30 Days past due on their Mortgage Payment and is experiencing a significant, documented reduction in income or some other hardship that will prevent them from making the next required Mortgage Payment during the month that it is due. Increasing Market Increasing Market refers to any neighborhood or market area that demonstrates an increasing property value trend. Indian Land restriction or with some attribute peculiar to the legal status of its owners.