Charge-Off

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January 1, 1 7 min read Definitions
Charge-Off
Charge-Off Financial Term Real Estate Loan Default Accounting Foreclosure Loss Recovery Mortgage Loans
A charge-off in real estate refers to the portion of principal and interest recognized as a loss when a loan is deemed uncollectible. Lenders resort to charge-offs when they perceive that further collection efforts on a delinquent account will not be fruitful.
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