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Mortgage Fraud in Ontario UpdatedThis is a discussion on Mortgage Fraud in Ontario Updated within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The vast majority of powers of attorney used in real estate transactions are legitimate documents, but from now on it ... |
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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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01-15-2008, 04:32 AM
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Mortgage Fraud in Ontario Updated
The vast majority of powers of attorney used in real estate transactions are legitimate documents, but from now on it will be tougher to use them to buy, sell or mortgage real estate in Ontario. One of the many nasty externalities as a ...
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| fraud, mortgage, ontario, updated |
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