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what happens to a mortgage after a tax lien - Free Foreclosure

what happens to a mortgage after a tax lien - Free Foreclosure

This is a discussion on what happens to a mortgage after a tax lien - Free Foreclosure within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; auction? Does some of the bmortgage/b get paid? I wanted to know if I let a land parcel go into ...

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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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12-06-2008, 08:00 PM

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what happens to a mortgage after a tax lien - Free Foreclosure ...

auction? Does some of the bmortgage/b get paid? I wanted to know if I let a land parcel go into a tax lien auction, does some of the money go to pay down.

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foreclosure, free, lien, mortgage, tax

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