A mortgage provision indicating that the borrower will be given the title to the property once all mortgage terms are met. The defeasance clause is not required in states using property liens as collateral for a mortgage. In this sense, the clause is a substitute for collateral. Most states allow property liens when mortgages are issued, and don't follow the common law theory requiring a defeasance clause. In real estate, a lien gives the mortgagee the right to foreclose the property upon default of the terms in order to recoup what was owed.
Investment Adviser Registration Depository - IARD
Stock Alert: What`s Hot Today
Best Online Platform for Advisors
Four Elements of Stock Investing
Retiring with More Money - Possible?
Best Canadian Oil Stocks
SEE FOREX TUTORIAL
Inflation and Investments
Digesting Financial Statements: System
How Much Does a Home Remodeling Cost?
Buying a Home: Writing an Offer
Digesting Financial Statements: Revenue
|16:00||Existing Home Sales||Mar|
|05:00||Credit Card Spending||Mar|
|07:00||BOJ Core CPI||Mar|
|08:00||Prelim Machine Tool Orders||Mar|
|15:00||House Price Index||Feb|
|16:00||New Home Sales||Mar|
|16:00||Richmond Fed Manufacturing Index||Apr|