Tag: what is a mortgage note?

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The Role of the Mortgage and Note in Foreclosure Actions

Mortgage and Note in Foreclosure Actions Mortgages are “secured transactions.”  Secured Transactions are, essentially, collateralized loans.  In secured transactions, borrowers give lenders an interest in some property (collateral) that will cover the amount borrowed if the borrower defaults.  When someone buys a car, for instance, the car can be repossessed by the lender if the […]


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