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Buyers Remorse? Cancel That Mortgage!

Buyers Remorse? Cancel That Mortgage!

This is a discussion on Buyers Remorse? Cancel That Mortgage! within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Did you sign bmortgage/b papers on what you suspect to be a toxic loan? In other words, bad for your ...

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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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Buyers Remorse? Cancel That Mortgage!

Did you sign bmortgage/b papers on what you suspect to be a toxic loan? In other words, bad for your bottom-line! Well the law states that you have three days to cancel a bmortgage/b after signing the papers. If you signed a bmortgage/b and the b.../b

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