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FEDERAL CASES: 2 face hearings for mortgage fraud - MyWebTimes.comThis is a discussion on FEDERAL CASES: 2 face hearings for mortgage fraud - MyWebTimes.com within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; FEDERAL CASES: 2 face hearings for bmortgage/b fraudMyWebTimes.com, IL - 17 minutes agoThe 41-year-old Trochowski was a suburban bmortgage/b broker ... |
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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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FEDERAL CASES: 2 face hearings for bmortgage/b fraudMyWebTimes.com, IL - 17 minutes agoThe 41-year-old Trochowski was a suburban bmortgage/b broker between 2000 and 2003 when he helped real estate developer Greg Sawra defraud residential b.../b
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