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Capitol News Service » Blog Archive » 45 Day Halt to MortgageThis is a discussion on Capitol News Service » Blog Archive » 45 Day Halt to Mortgage within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The Governor is also says the Department of Community Affairs will soon have $541 million for bmortgage/b assistance and other ... |
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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, 09:41 PM
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Capitol News Service » Blog Archive » 45 Day Halt to Mortgage ...
The Governor is also says the Department of Community Affairs will soon have $541 million for bmortgage/b assistance and other financial aid to local governments that put together a plan to help homeowners in foreclosure, including $91 b.../b
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