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Mortgage crisis has turned homeownership upside down (Chicago

Mortgage crisis has turned homeownership upside down (Chicago

This is a discussion on Mortgage crisis has turned homeownership upside down (Chicago within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Homeowners drowning in bmortgage/b debt Joey Goldner always approached real estate with a gardener’s zeal. He’d plant his money in ...

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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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10-13-2008, 03:21 PM

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Mortgage crisis has turned homeownership upside down (Chicago ...

Homeowners drowning in bmortgage/b debt Joey Goldner always approached real estate with a gardener’s zeal. He’d plant his money in a building, patiently care for it and watch its worth grow. For 30 years, it was a brilliant avocationright b.../b

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