Real Estate Glossary



  Call Option

A provision in the mortgage that gives the mortgagee the right to call the mortgage due and payable at the end of a specified period for whatever reason.

 

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Edith Harper, Broker Associate
Prudential The McMillen Real Estate Group
1004 N. Berkeley Blvd., Goldsboro, N. C. 27534
e-mail address - edithharper@realtor.com


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