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New Mortgage Assistance Program, effective December 15, 2008

New Mortgage Assistance Program, effective December 15, 2008

This is a discussion on New Mortgage Assistance Program, effective December 15, 2008 within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; If you or someone you know has fallen behind on their house payments, and they do not fit the above ...

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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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11-18-2008, 07:01 PM

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New Mortgage Assistance Program, effective December 15, 2008

If you or someone you know has fallen behind on their house payments, and they do not fit the above criteria for the new bmortgage/b assistance program, please have them call us as there are other programs out there that we can help with b.../b

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