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Real Estate Blog - IS YOUR LANDLORD MAKING THEIR MORTGAGE PAYMENT?This is a discussion on Real Estate Blog - IS YOUR LANDLORD MAKING THEIR MORTGAGE PAYMENT? within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Just when you thought the housing and bmortgage/b crisis was limited to only homeowners, a new victim has been brought ... |
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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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Just when you thought the housing and bmortgage/b crisis was limited to only homeowners, a new victim has been brought into the fray, one who doesn't own a home or have a bmortgage/b. Who are these new, unsuspecting victims?
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| blog, estate, landlord, making, mortgage, payment, real |
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