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Finding Mortgage Information…This is a discussion on Finding Mortgage Information… within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; One of the first things I hear from people when looking into a REO or foreclosure property is who has ... |
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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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10-12-2008, 01:31 AM
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Finding Mortgage Information…
One of the first things I hear from people when looking into a REO or foreclosure property is who has the current bmortgage/b. Being, what lender has the bmortgage/b. I think most people think they might get a better deal if they know who the b.../b
More... (Source: Google Blog Search) 
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