What should you do if your mortgage lender goes bankrupt? Watch this to make sure you avoid a major problem...
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Saturday, April 28, 2007
Lender Going Under?
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A mortgage is a method of using property (real or personal) as security for the payment of a debt. The term mortgage (from Law French, lit. death vow) refers to the legal device used in securing the property, but it is also commonly used to refer to the debt secured by the mortgage, the mortgage loan.
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