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Consumer Lawyer: Mortgage hotline

Consumer Lawyer: Mortgage hotline

This is a discussion on Consumer Lawyer: Mortgage hotline within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Foreclosures are at an all-time high, and add the price of food and gas, and many say it's tough making ...

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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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06-12-2008, 10:25 AM

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Consumer Lawyer: Mortgage hotline

Foreclosures are at an all-time high, and add the price of food and gas, and many say it's tough making ends meet. It's a very real problem for folks here in the Bay Area, and more people are picking up the phone to reach out for help.

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consumer, hotline, lawyer, mortgage

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