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When the house won’t sell, sell the mortgage

When the house won’t sell, sell the mortgage

This is a discussion on When the house won’t sell, sell the mortgage within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; She listed her house on HomeAssume.com, a Lone Tree-based website recently started by Brad Clemons and Dana Hall, two mortgage ...

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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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08-24-2008, 09:23 PM

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When the house won’t sell, sell the mortgage

She listed her house on HomeAssume.com, a Lone Tree-based website recently started by Brad Clemons and Dana Hall, two mortgage-industry veterans. HomeAssume.com matches sellers holding assumable mortgages with buyers looking for a more ...

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