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Stop Foreclosures: Non-profit Chicago Mortgage Workshop Sat Oct. 25This is a discussion on Stop Foreclosures: Non-profit Chicago Mortgage Workshop Sat Oct. 25 within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Stop Foreclosures: Non-profit Chicago Mortgage Workshop Sat Oct. 25 The foreclosure crisis has severely impacted Chicagoland homeowners, and a looming ... |
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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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10-16-2008, 11:34 PM
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Stop Foreclosures: Non-profit Chicago Mortgage Workshop Sat Oct. 25
Stop Foreclosures: Non-profit Chicago Mortgage Workshop Sat Oct. 25 The foreclosure crisis has severely impacted Chicagoland homeowners, and a looming recession only promises to make the trend worse. Many property owners are surprised b.../b
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| chicago, foreclosures, mortgage, nonprofit, oct, sat, stop, workshop |
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