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Fannie Mae Forgives Mortgage After Homeowner Shoots Self

Fannie Mae Forgives Mortgage After Homeowner Shoots Self

This is a discussion on Fannie Mae Forgives Mortgage After Homeowner Shoots Self within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Like a scene from a scary movie, gunshots from a little white house in Akron, Ohio, jolted Capitol Hill Friday. ...

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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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10-06-2008, 05:03 PM

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Fannie Mae Forgives Mortgage After Homeowner Shoots Self

Like a scene from a scary movie, gunshots from a little white house in Akron, Ohio, jolted Capitol Hill Friday. The culprit? Foreclosure. Ninety-year-old Addie Polk, in a stunt to prevent eviction after a bank foreclosed on her home, ...

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fannie, forgives, homeowner, mae, mortgage, shoots

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