Mortgage Saving (Or Savings) Clause
A clause in the CC&R's (covenants, conditions, and restrictions) which states that a violation of the CC&R's shall not defeat a subsequent mortgage made in good faith and for value.
More Real Estate Definitons
MarketabilityKeeperHumusFlip TaxHypothecationKickbackTaxGround BeamVenueIncompetentGerrymanderFlow TideKey TenantCape Cod HouseRotundaBelvedereFixed WindowRelease ClauseX-BracingRevenue StampsHeavy IndustryQuiet EnjoymentRegressionYard LumberZoningMesotheliomaVarnishIndustrial ParkZero Lot LinePlotYardGround WaterWet PlasterVendor’s LienWaiveEquitable titleLoan PolicyNOWTime ShareViolationFire InsuranceAlluvion