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Loan Modification | Mortgage ModificationThis is a discussion on Loan Modification | Mortgage Modification within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Call Modification.org for a Free Loan Modification or Mortgage Modification Consultation 1-888-826-3193. We can help stop foreclosure with our expert ... |
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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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11-06-2008, 11:05 AM
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Loan Modification | Mortgage Modification
Call Modification.org for a Free Loan Modification or Mortgage Modification Consultation 1-888-826-3193. We can help stop foreclosure with our expert loss mitigation specialists and our team of bmortgage/b loan modification professionals. b.../b
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