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Are You Having Trouble With Your Mortgage Payments?

Are You Having Trouble With Your Mortgage Payments?

This is a discussion on Are You Having Trouble With Your Mortgage Payments? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; As I was canvassing the neighborhood last week, I encountered a couple of people who said they were “upside down” ...

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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, 03:27 PM

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Are You Having Trouble With Your Mortgage Payments?

As I was canvassing the neighborhood last week, I encountered a couple of people who said they were “upside down” in their bmortgages/b, had tried to contact their lenders with no luck, and didn’t know what else to do. b.../b

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mortgage, payments, trouble

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