Real Estate Glossary


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Term Main definition

The general failure to perform a promised task or to pay an obligation when due. Some specific examples are: (i) Failure to make a payment of principal or interest or other type of financial obligation when due. (ii) The breach or future to perform any of the terms of a note or the covenants of a mortgage or deed of trust.

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San Francisco Property Management

47 Kearny Street
San Francisco, CA 94108


Phone: 415-981-5780
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California DRE #01183885