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oscarromo
ANSWERS: 2
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It means the property is about to be a bank owned property.. FORECLOSURE... It means that the note is No performing means the debtor isn't paying..
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The total of non performing loans, being those on which interest is no longer being credited to the Income and Expenditure Account. In other words...Nonperforming loans are those that have not yet been written off as bad debts but have had no reasonable expectation of payment of interest on certain notes. In otherwords, it has not gone into forclosure, however, if something drastic is not done, it will go into forclosure.
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