Mortgage Foreclosure and What You Can Do About It


The Basics: The Note And The Mortgage


When you buy a house or other property you borrow money from a lender, usually a bank. At the closing, you sign a document called a Mortgage, and another one called a Note (also known as “promissory note”). The Note is a written promise to repay the lender and the Mortgage is an agreement that if you don’t make your payment, the lender can take the property from you.


If you have any questions about Mortgage Foreclosures in Florida, contact us today.
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