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Mortgage Crisis Homeowner ResourcesThis is a discussion on Mortgage Crisis Homeowner Resources within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; If you have a sub-prime adjustable rate bmortgage/b and are behind in your payments or fear that you may have ... |
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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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If you have a sub-prime adjustable rate bmortgage/b and are behind in your payments or fear that you may have trouble when your ARM resets, there are a number of public and private resources that can help you get through the crisis with b.../b
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| crisis, homeowner, mortgage, resources |
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