noun
Meaning 1
A second mortgage which a debtor falsely believes to be forgiven or paid off, typically arising from a mortgage lender selling the debt to another servicer without notifying the borrower.
Definition source: English Wiktionary via Wiktextract
Usage: informal
Topics: business, finance, real-estate
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided