A mortgage is a means of using personal or real property as security for the execution of an obligation. When a mortgagee dies without paying the mortgage debt, the debts and the mortgaged premises secured thus are considered the personal possessions in the hands of the administrator or the executor of such assignee. If an [...]
Archive for February, 2008
What happens to a mortgage debt if the mortgagee dies?
By admin on Sunday, February 17th, 2008 | No Comments
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Why is California the home of Foreclosures?
By admin on Wednesday, February 13th, 2008 | No Comments
Recent survey reveals that the Golden State of California has 768 foreclosures and an astonishing 68,000 pre-foreclosed properties. You must be wondering why California experiences such a huge number of foreclosures in the recent days.
This is mainly because California has a perfect weather and beautiful scenery that makes it a very desirable state for buying [...]
What are FHA loans?
By admin on Tuesday, February 12th, 2008 | No Comments
With FHA loans becoming increasingly popular, you must be wondering what they are. However, if you think that FHA loans are of recent origin then you are on the wrong track. FHA is an institution that has been working for a long time, since 1934. The Department of Housing & Urban Development took over the [...]