An order issued by the secretary of state to brokers and agents, prohibiting them from soliciting listings in a designated area. …
Nonassumption Clause
A loan provision that prohibits the transfer of a mortgage to another borrower without lender approval. …
Nonrecurring Closing Costs
One-time-only fees for items including an appraisal, loan points, credit report, title insurance, and home inspection. …
Nosing
The front edge of a stair tread that extends over the riser. …
Not In My Back Yard (NIMBY)
A response sometimes given by neighborhoods and communities to proposed changes or development. …
Note
A legal document that requires a borrower to repay a mortgage at a certain interest rate over a specified period of time. …