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08:25 Feb 28, 2012 |
Russian to English translations [PRO] Law/Patents - Real Estate | |||||
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| Selected response from: David Knowles Local time: 19:51 | ||||
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4 +2 | if the borrower/mortgagee defaults within 12 months |
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3 | occurrence of default of the Mortgage Deed |
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occurrence of default of the Mortgage Deed Explanation: . Reference: http://mortgage-x.com/vocablry/d-to-m.htm |
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if the borrower/mortgagee defaults within 12 months Explanation: In English, the borrower defaults, not the loan! The loan can be "in default" or "non-performing". |
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