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San Diego Homeowners Face Mortgage Crisis

San Diego Homeowners Face Mortgage Crisis

This is a discussion on San Diego Homeowners Face Mortgage Crisis within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; People who are in danger of losing their homes from the mortgage crisis are waiting to see if the bail-out ...

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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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09-23-2008, 08:17 AM

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San Diego Homeowners Face Mortgage Crisis

People who are in danger of losing their homes from the mortgage crisis are waiting to see if the bail-out plan offers them any hope.

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crisis, diego, face, homeowners, mortgage, san

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