US Mortgage Loan

Jul 25th, 2016
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US Mortgage Loan ...

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Deed of trust (real estate)In real estate in the United States, a deed of trust or trust deed isa deed wherein legal title in real property is transferred to a trustee, which holds it as security fora loan (debt) between a borrower and lender. The equitable title remains with the borrower. Theborrower is referred to as the trustor, while the lender is referred to as the beneficiary.DEFINITION OF A MORTGAGE DEEDA mortgage deed is a document in which the mortgagor transfers an interest in real estate toa mortgagee for the purpose of providing a mortgage loan.The mortgage deed is the evidence of the interest transferred to the mortgage holder. Oftensimply referred to as the mortgage, the mortgage deed is the document transferred to themortgage holder.When a real estate owner secures a loan through a mortgage, it is necessary for the owner totransfer an interest in the property to secure the loan. The real estate interest transferred is theright to retain a lien on the property, and the right to foreclose upon the lien if the mortgage isnot paid as agreed.BankruptcyBankruptcy helps people who can no longer pay their debts get a fresh start by liquidating assetsto pay their debts or by creating a repayment plan. Bankruptcy laws also protect financiallytroubled businesses. This section explains the bankruptcy process and laws.About BankruptcyFiling bankruptcy can help a person by discarding debt or making a plan to repay debts. Abankruptcy case normally begins

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