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Next rescue step - moratorium on home mortgage foreclosures?

Next rescue step - moratorium on home mortgage foreclosures?

This is a discussion on Next rescue step - moratorium on home mortgage foreclosures? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Wang said Congressional Democrats were unsuccessful in their effort to get US bankruptcy laws amended so that judges could adjust ...

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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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09-29-2008, 04:57 PM

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Next rescue step - moratorium on home mortgage foreclosures?

Wang said Congressional Democrats were unsuccessful in their effort to get US bankruptcy laws amended so that judges could adjust the terms of mortgages -- Congressional Republicans were adamantly opposed to it -- but the bailout ...

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foreclosures, home, moratorium, mortgage, rescue, step

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