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Definitions for
"SUBMORTGAGE"
Keywords:
pledges
,
collateral
,
mortgagee
,
lender
,
mortgage
Related Terms:
Mortgagor
,
Mortgagee
,
Home mortgage
,
Secured loans
,
Collateral mortgage
,
Secured loan
,
Satisfaction of mortgage
,
Collateral
,
Dragnet clause
,
Defeasance clause
,
Security
,
Co-mortgagor
,
Non-recourse loan
,
Open-end mortgage
,
Unsecured loan
,
Mortgage
,
Secured
,
Recourse loan
,
Co-borrower
,
Foreclosure
,
Repossession
,
Discharge of mortgage
,
Redemption
,
Charge
,
Mortgage note
,
Deficiency judgment
,
Unsecured loans
,
Secured debt
,
Secondary financing
,
Junior mortgage
,
Subordinated loan
,
Borrower
,
Workout
,
Mortgage loan
,
Secured personal loan
,
Debt consolidation loan
,
Deficiency judgement
,
Due-on-sale-clause
,
Unsecured
,
Release of liability
,
Due-on-sale provision
,
Unsecured personal loan
,
Equity of redemption
,
Due-on-sale clause
,
Security instrument
,
Preforeclosure sale
,
Nonrecourse loan
,
Personal loan
,
Due on sale clause
,
Negative pledge
The use of one mortgage as collateral to obtain another.
mfiloans.com
An arrangement in which a mortgage lender pledges a mortgage as collateral for his/her own loan.
199.96.2.123
Where a mortgage is pledged as security for a loan to the mortgagee (the original lender).
fsbo-home.com
Using one mortgage as collateral for obtaining another.
npcnys.org
A situation in which a mortgagee (lender) borrows money from a third party and pledges a mortgage he or she is holding as security for the borrowed funds.
mgmfinancial.com
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