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mortgage definition

Sunday, July 12, 2015. In a residential mortgage, a home buyer pledges his or her house to the bank. The bank has a claim on the house should the home buyer default on paying the mortgage. In the case of a foreclosure, the bank may evict the homes tenants and sell the house, using the income from the sale to clear the mortgage debt. Subscribe to Posts Atom. Simple template. Powered by Blogger.
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mortgage definition

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Sunday, July 12, 2015. In a residential mortgage, a home buyer pledges his or her house to the bank. The bank has a claim on the house should the home buyer default on paying the mortgage. In the case of a foreclosure, the bank may evict the homes tenants and sell the house, using the income from the sale to clear the mortgage debt. Subscribe to Posts Atom. Simple template. Powered by Blogger.

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This web page morgage-new.blogspot.com states the following, "Sunday, July 12, 2015." We saw that the webpage said " In a residential mortgage, a home buyer pledges his or her house to the bank." It also said " The bank has a claim on the house should the home buyer default on paying the mortgage. In the case of a foreclosure, the bank may evict the homes tenants and sell the house, using the income from the sale to clear the mortgage debt."

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