Mortgage
From Wikipedia, the free encyclopedia Jump to: navigation, searchMortgage may refer to:
- Mortgage loan A mortgage loan is a loan secured by real property through the use of a document which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan. However, the word mortgage alone, in everyday usage, is most often used to mean mortgage loan, a loan secured by a mortgage on real property
- Mortgage, a security interest on real property granted to a lender, as in mortgage law
- The mortgage document (deed)
- Hypothec Hypothec is a species of encumbrance giving a creditor a non-possessory security interest in a debtor’s real property jus in re aliena and a preferential right to have claims paid out of that property as last recourse when the debtor is in default. It is ultimately an advanced form of pledge for real property, at least insofar as it was
See also
- Security interest A security interest is a property interest created by agreement or by operation of law over assets to secure the performance of an obligation, usually the payment of a debt. It gives the beneficiary of the security interest certain preferential rights in the disposition of secured assets. Such rights vary according to the type of security interest,
- Chattel mortgage Chattel mortgage is the legal term for a type of loan contract used in some states which have adopted the English law concept
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