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New law extends foreclosure notification period

New law extends foreclosure notification period

This is a discussion on New law extends foreclosure notification period within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; 1 Comment, last updated on Thursday May 1 by playing politics More... (Source: Topxi.com) ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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05-01-2008, 08:13 PM

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New law extends foreclosure notification period

1 Comment, last updated on Thursday May 1 by playing politics

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(Source: Topxi.com)

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extends, foreclosure, law, notification, period

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