An agreement between a lender and a delinquent borrower to either bring a loan back on track or resolve the delinquency in some other way. Workouts often include extensions of the payback period to lower monthly payments and other adjustments to the loan terms.

Think Realty Magazine May-June 2025
+WHAT'S INSIDE Operations | It’s All About the Feels • Empire-Building Starts with Design • Ditch...
0 Comments