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How to Take Advantage of the Mortgage Rescue Bill

How to Take Advantage of the Mortgage Rescue Bill

This is a discussion on How to Take Advantage of the Mortgage Rescue Bill within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Many have already discussed the features of the $300 Billion Mortgage Rescue Package signed by President Bush on Wednesday July ...

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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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07-31-2008, 10:35 PM

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How to Take Advantage of the Mortgage Rescue Bill

Many have already discussed the features of the $300 Billion Mortgage Rescue Package signed by President Bush on Wednesday July 30th. This bill is officially known as HR 3221, the Housing and Economic Recovery Act of 2008. ...

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advantage, bill, mortgage, rescue

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