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.
Total Debt to Total Assets
Four Elements of Stock Investing
Creating a Currency Hedged Strategy
Is a Financial Statement Manipulated?
Necessity of Checking Home Insurance Risk
5 Outlandish Insurance Policies in the World
SEE FOREX TUTORIAL
Buying a Home: Writing an Offer
Digesting Financial Statements: Earnings
Buying a Home: Finding the Best House
Do I Need to Move Out or Renovate My House?
A Primer on Retirement Planning
|06:30||Tertiary Industry Index||May|
|08:00||Wholesale Price Index||Jun|
|17:30||BoE Governor Andrew Bailey delivers a speech|
|17:30||FOMC Member John C. Williams Speaks|
|20:00||Federal Budget Balance||Jun|
|01:01||BRC Retail Sales Monitor||Jun|
|03:30||NAB Business Confidence||Jun|