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Teame13.org - Mortgage News » Blog Archive » US media giantThis is a discussion on Teame13.org - Mortgage News » Blog Archive » US media giant within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Comments are closed. © Teame13.org - Mortgage News 2008 Sitemap. Tribune Co., owner of the Los Angeles Times 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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12-08-2008, 09:30 PM
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Teame13.org - Mortgage News » Blog Archive » US media giant ...
Comments are closed. © Teame13.org - Mortgage News 2008 Sitemap. Tribune Co., owner of the Los Angeles Times and other leading US newspapers, filed for bankruptcy Monday in the latest blow to the struggling newspaper industry.
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