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Home mortgage defaults, foreclosures may pop S. Florida housing...

Home mortgage defaults, foreclosures may pop S. Florida housing...

This is a discussion on Home mortgage defaults, foreclosures may pop S. Florida housing... within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; 216 Comments, last updated on Wednesday Dec 19 by Greed More... (Source: Topxi.com) ...

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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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12-19-2007, 08:18 PM

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Home mortgage defaults, foreclosures may pop S. Florida housing...

216 Comments, last updated on Wednesday Dec 19 by Greed

More...

(Source: Topxi.com)

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defaults, florida, foreclosures, home, housing, mortgage, pop

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