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Colorado Man Says He Needed Cash for Mortgage; Was Driving DrugsThis is a discussion on Colorado Man Says He Needed Cash for Mortgage; Was Driving Drugs within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; A Colorado man has pleaded guilty to attempting to haul 170 pounds of marijuana to Connecticut, saying he needed the ... |
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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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10-17-2008, 10:22 PM
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Colorado Man Says He Needed Cash for Mortgage; Was Driving Drugs ...
A Colorado man has pleaded guilty to attempting to haul 170 pounds of marijuana to Connecticut, saying he needed the money to help pay his skyrocketing bmortgage/b. James Comstock, of Longmont, Colo., pleaded guilty Wednesday in US b.../b
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| cash, colorado, driving, drugs, man, mortgage, needed |
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