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Report: Mortgage fraud incidents up 45 percent, Florida leads n...

Report: Mortgage fraud incidents up 45 percent, Florida leads n...

This is a discussion on Report: Mortgage fraud incidents up 45 percent, Florida leads n... within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; 9 Comments, last updated on Tuesday Dec 2 by Tell the truth More... (Source: Topxi.com) ...

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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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12-02-2008, 11:11 PM

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Report: Mortgage fraud incidents up 45 percent, Florida leads n...

9 Comments, last updated on Tuesday Dec 2 by Tell the truth

More...

(Source: Topxi.com)

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florida, fraud, incidents, leads, mortgage, percent, report

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