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Historical origins of the mortgage
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The mortgage is a real right of a secured loan on a property (usually real estate) that remain in the hands of its owner, the creditor may, if the debt is not paid within the time agreed to promote the sale of the property taxed, regardless of their owner at the time for, with the amount, make payment of its claim. A mortgage is a right that is constituted by contract, which must be registered with the Land Registry to have the face value to third-and serves to secure a debt or obligation and is therefore an accessory to another contract that is the principal. So, if it has a credit agreement between a bank and receiving an accredited mortgage guarantees to receiving payment of the auction by either the court, upon demand and sentence against the ground. Generally, the mortgaged property is often the subject of the claim property or separate property owned by or accredited by a third party who has agreed to provide the mortgage on his property.
* The capital, which is the amount of money borrowed by the bank. Borrowed capital is generally lower than the value of the mortgaged property, so that it can respond in the capital in the auction in the event of a default. |