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Consumer Alert — Mortgage Foreclosure Scams

Consumer Alert — Mortgage Foreclosure Scams

This is a discussion on Consumer Alert — Mortgage Foreclosure Scams within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Are you having trouble making your home mortgage payments? Are you facing foreclosure on your home? Get all the facts ...

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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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11-07-2007, 08:19 PM

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Consumer Alert — Mortgage Foreclosure Scams

Are you having trouble making your home mortgage payments? Are you facing foreclosure on your home? Get all the facts before you pay someone to help you work out your mortgage problems. (more…)

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