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Florida Attorney General: Homeowners should be wary of mortgage

Florida Attorney General: Homeowners should be wary of mortgage

This is a discussion on Florida Attorney General: Homeowners should be wary of mortgage within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Like many people across the nation, Nancy and George Krueger could no longer afford their home with a $263208 bmortgage/b ...

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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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12-04-2008, 05:37 AM

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Florida Attorney General: Homeowners should be wary of mortgage ...

Like many people across the nation, Nancy and George Krueger could no longer afford their home with a $263208 bmortgage/b so they put a for sale sign in their front yard.

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attorney, florida, general, homeowners, mortgage, wary

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