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Alternatives to Foreclosure Posted By : Mark Emmons \| My-Mortgage.org

Alternatives to Foreclosure Posted By : Mark Emmons | My-Mortgage.org

This is a discussion on Alternatives to Foreclosure Posted By : Mark Emmons | My-Mortgage.org within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; In my time as a bmortgage/b broker, I have spoken with many people who were renting, and considering buying a ...

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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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12-05-2008, 05:56 PM

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Alternatives to Foreclosure Posted By : Mark Emmons | My-Mortgage.org

In my time as a bmortgage/b broker, I have spoken with many people who were renting, and considering buying a home. Most have concerns about housing values and being able to afford carrying a bmortgage/b. O b.../b

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