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In some instances,a surgical wound is not closed at the time of a surgical operation and is allowed to heal and will be closed at a later date.This would be an example of when a ____ would be coded.
Mortgage Owes
Refers to the outstanding balance or the amount still owed by a borrower on their mortgage loan.
Open Mortgage
A type of mortgage that can be paid off, in full or in part, at any time without penalty, offering flexibility in repayment.
Final Order of Foreclosure
A legal decision by a court to permanently transfer ownership of property from the borrower to the lender due to default on the mortgage.
Power of Sale
A legal clause found in mortgages or deeds of trust that gives the lender the right to sell the property without court supervision if the borrower defaults.
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