In such an event, the homeowner also has the option of refinancing the mortgage, but that entails shopping for the best deal and paying substantial closing costs and perhaps a penalty.
The tit-for-tat brinkmanship entered new and dangerous territory weeks after Obama's inauguration, when Ahmadinejad's government began making 20%-enriched uranium, taking the country a substantial step closer to making weapons grade (90%-enriched) uranium.
Twitter and the increased autonomy of the iPhone 3G bring the new radio device a substantial distance closer to financial stability.
Hull City moved a substantial step closer to securing their Premier League status for another season after a hard-fought victory over Swansea City.
Here's an interesting email that was forwarded to me this morning: Docstoc, a Los Angeles based startup that we wrote about in early July, says they are close to closing a "substantial" round of funding from a number of potential investors.
Our observed SAR among those who did not receive prophylaxis is higher than that previously observed for seasonal influenza and suggests a substantial proportion of close contacts were infected with pandemic (H1N1) 2009 virus.
Expected year end cash now represents around £33m or around 13p per share, a substantial premium to last night close of 7.25p.
The unidentified bidder offered "a substantial premium to last night's closing share price," Selfridges said in a Regulatory News Service statement.
ConocoPhillips said yesterday that it expected to charge $1.3 billion against earnings in the fourth quarter to cover costs associated with selling or closing a substantial number of its service stations and pulling out of some geographic markets.
And we've now confirmed that they are closing a substantial round of funding, even before they've picked a final name for the company.
