Finance & Business

Nov 7 2021

Mortgage transfer-Mortgage transfer

Mortgage transfer Mortgage transfer National news stories Mortgage transfer mortgage Mortgage A legal document by which the owner (i.e., the buyer) transfers to the lender an interest in real estate to secure the repayment of a debt, evidenced by a mortgage note. When the debt is repaid, the mortgage is discharged, and a satisfaction of mortgage is recorded with the register or recorder of deeds in the county where the mortgage was recorded. Because most people cannot afford to buy real estate with cash, nearly every real estate transaction involves a mortgage. The party who borrows the money and gives …

Apartment | Auto | Car | Credit | Insurance | Loan | News | Pharma | Real Estate | Rental | Travel | USA |