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Couple sues bank over mortgageThis is a discussion on Couple sues bank over mortgage within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; LOS ANGELES: A lawsuit filed by an American couple against their mortgage lender could turn into a potential nightmare for ... |
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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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07-04-2008, 05:19 AM
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Couple sues bank over mortgage
LOS ANGELES: A lawsuit filed by an American couple against their mortgage lender could turn into a potential nightmare for the US banking industry. ... Mr. Bryan Andrews and wife Susan ... claimed that lender Chevy Chase Bank hid the ...
More... (Source: Google Blog Search) 
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| Tags |
| bank, couple, mortgage, sues |
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