From noss1233 at gmail.com Wed Aug 22 01:28:15 2007 From: noss1233 at gmail.com (Tommy Lee) Date: Wed, 22 Aug 2007 11:28:15 +0300 Subject: NUMBER ONE Success System Message-ID: http://www.noss123.com/ Creditor The creditor has legal rights to the debt or other obligation secured by the mortgage. That debt is often the obligation to repay the loan by the creditor (or its predecessor lender) who provided the purchase money to acquire the property mortgaged. Typically, creditors are banks, insurers or other financial institutions who make loans available for the purpose of real estate purchase. A creditor is sometimes referred to as the *mortgagee* or *lender*. Debtor The debtor is the person or entity who owes the obligation secured by the mortgage, and may be multiple parties. Generally, the debtor must meet the conditions of the underlying loan or other obligation and the conditions of the mortgage. Otherwise, the debtor usually runs the risk of foreclosure of the mortgage by the creditor to recover the debt. Typically the debtors will be the individual home-owners, landlords or businesses who are purchasing their property by way of a loan. A debtor is sometimes referred to as the *mortgagor*, *borrower*, or * obligor*. Please know that *Number One Success System* is not an investment club, not a business, not MLM, not a company or corporation, not a commercial enterprise of any kind whatsoever, nor do its activities include the solicitation of anything -------------- next part -------------- An HTML attachment was scrubbed... URL: http://lists.freedesktop.org/archives/platform/attachments/20070822/12d17ca5/attachment.htm