mortgagor

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mortgagor

, mortgager
Property law a person who borrows money by mortgaging his property to the lender as security

mortgagor

The borrower who obtains a mortgage.
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When a borrower with a VA mortgage defaults, the VA has the option to "put back" the home to the mortgage holder if it calculates that such a "put back" is the least costly means (to the VA) of implementing its guarantee.
Passing on the fees may be legal, but it violates common sense and the spirit of the law, because it allows banks and mortgage holders to force unsuspecting buyers to spend even more of their own money, making property ownership that much more difficult, while offering financial institutions a financial cushion they neither need nor deserve.
Following the portfolio decisioning, the existing mortgage holder directs pre-qualified borrowers to one of the approved Lender Partners for loan processing and closing," explained Mr.
MORTGAGE holders with accounts at Northern Rock will be encouraged to move to another lender as the bank looks to slim down.
headquartered in Timonium, MD, is a $985 million (total assets as of March 31, 2006) owner and mortgage holder of primarily skilled nursing facilities.
A distressed mortgage holder can contact iCare and if suitable they will be referred to the IMHO to negotiate mortgage and debt settlement with the bank.
A line of credit was sought from the mortgage holder, which declined.
The Company has the option to further extend this closing until December 31, 2004 by payment of up to an additional $1 million and receipt of a waiver from the existing TECOTA mortgage holder.
Based on these (and many other case studies), clearly IAQ problems can significantly impair both property value and the cash flow of the mortgage holder.
Unlike HUD, the new mortgage holder will be anxious to restructure your mortgage - one way or another.
Misconception #4: Subordinate Financing Shouldn't Concern First Mortgage Holder
If an owner loses a building to a mortgage holder, are the tenants protected under terms of their existing leases?

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