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Mortgage defaults #39;increasing#39; - SBS World News AustraliaThis is a discussion on Mortgage defaults #39;increasing#39; - SBS World News Australia within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Retirement mecca the Gold Coast and Sydney's blue-chip Vaucluse have joined struggling south-western Sydney as the areas suffering most from ... |
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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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11-25-2008, 10:20 PM
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Mortgage defaults #39;increasing#39; - SBS World News Australia
Retirement mecca the Gold Coast and Sydney's blue-chip Vaucluse have joined struggling south-western Sydney as the areas suffering most from bmortgage/b stress and loan defaults.
More... (Source: Google Blog Search) 
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| #39increasing#39, australia, defaults, mortgage, news, sbs, world |
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