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Obtaining a Mortgage after Foreclosure is Very Possible

Obtaining a Mortgage after Foreclosure is Very Possible

This is a discussion on Obtaining a Mortgage after Foreclosure is Very Possible within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Obtaining a bmortgage/b after foreclosure is not only possible, but also easier than you many think. This is not to ...

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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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11-15-2008, 01:37 PM

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Obtaining a Mortgage after Foreclosure is Very Possible

Obtaining a bmortgage/b after foreclosure is not only possible, but also easier than you many think. This is not to say that lenders will be knocking on your door begging to borrow you money to purchase a home, but obtaining a bmortgage/b b.../b

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