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NPS grant pays compost facility's mortgage

NPS grant pays compost facility's mortgage

This is a discussion on NPS grant pays compost facility's mortgage within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Associated Press - May 14, 2008 9:34 AM ET WEST YELLOWSTONE, Mont. (AP) - Officials symbolically shredded a $3.7 million ...

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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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05-14-2008, 03:21 PM

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NPS grant pays compost facility's mortgage

Associated Press - May 14, 2008 9:34 AM ET WEST YELLOWSTONE, Mont. (AP) - Officials symbolically shredded a $3.7 million mortgage for a Gallatin County composting facility that processes waste...

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