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Mortgage Rescue Bill and YOUR Tax DollarsThis is a discussion on Mortgage Rescue Bill and YOUR Tax Dollars within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The recent mortgage rescue bill, apparently includes a $35 million payout to the trial bar. Along with the Energy and ... |
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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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09-05-2008, 07:26 PM
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Mortgage Rescue Bill and YOUR Tax Dollars
The recent mortgage rescue bill, apparently includes a $35 million payout to the trial bar. Along with the Energy and Tax Extenders Act of 2008 is just the latest example of a taxpayer-funded payout straight into the pockets of the ...
More... (Source: Google Blog Search) 
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| bill, dollars, mortgage, rescue, tax |
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