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Consumer Lawyer: Mortgage aidThis is a discussion on Consumer Lawyer: Mortgage aid within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The government is considering new steps to help millions of homeowners avoid foreclosure. There's word the Treasury Department and FDIC ... |
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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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10-31-2008, 01:56 AM
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Consumer Lawyer: Mortgage aid
The government is considering new steps to help millions of homeowners avoid foreclosure. There's word the Treasury Department and FDIC are working on a plan to guarantee the bmortgages/b of as many as three million homeowners.
More... (Source: Google Blog Search) 
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| Tags |
| aid, consumer, lawyer, mortgage |
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