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?Mortgage Foreclosure Solutions: An Honest Guide | Business Magazine

This is a discussion on ?Mortgage Foreclosure Solutions: An Honest Guide | Business Magazine within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Alright boys and girls you are staring foreclosure right in the face and now you need some practical bmortgage/b foreclosure ...


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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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Old 11-30-2008, 10:25 PM
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Alright boys and girls you are staring foreclosure right in the face and now you need some practical bmortgage/b foreclosure solutions to help you keep your happy home and make sure your lovely wife doesn't leave you for the mailman.

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