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Mortgage Bailout « Skip O’Neill - Opinion Oregon

Mortgage Bailout « Skip O’Neill - Opinion Oregon

This is a discussion on Mortgage Bailout « Skip O’Neill - Opinion Oregon within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Is Obama really going to offer some sort of homeowner / bmortgage/b bailout to those individuals who are struggling to ...

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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, 10:40 PM

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Mortgage Bailout « Skip O’Neill - Opinion Oregon

Is Obama really going to offer some sort of homeowner / bmortgage/b bailout to those individuals who are struggling to meet their payment obligation? What about all of those homeowners, who are current on their bmortgage/b payments, b.../b

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