Original Principal Balance at Real Estate Glossary

What is it? The amount of principal owed on a loan before a borrower makes any payments.

Real Estate Definition Added By: Cole

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Real Estate Term Partial Release Clause is A mortgage provision under which the mortgagee agrees to release certain parcels from the lien of the blanket mortgage upon payment of a certain sum of money by the mortgagor. The clause is frequently found in tract development construction loans.

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