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Those in trouble with their Florida mortgage get 45 day reprieve

Those in trouble with their Florida mortgage get 45 day reprieve

This is a discussion on Those in trouble with their Florida mortgage get 45 day reprieve within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Governor Crist and two large lending organizations announced that foreclosures would be halted for 45 days during the holidays. More... ...

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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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12-01-2008, 07:26 PM

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Those in trouble with their Florida mortgage get 45 day reprieve ...

Governor Crist and two large lending organizations announced that foreclosures would be halted for 45 days during the holidays.

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(Source: Google Blog Search)

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