A Borrower Is Foreclosing When He Stops Making Payments on His

question 73

True/False

A borrower is foreclosing when he stops making payments on his mortgage.

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Definitions:

Premature

Occurring before the expected time or before the completion of the normal gestation period, often used to describe early birth.

Full-Term

Referring to a pregnancy that has reached between 39 and 40 weeks of gestation, indicating that the baby is fully developed and ready for birth.

Very Low Birth Weight

A term used to describe babies who are born weighing less than 1500 grams (3 pounds, 4 ounces).

Pounds

A unit of weight commonly used in the United States and the United Kingdom, equivalent to 0.453592 kilograms.