NUMBER ONE Success System
noss1233 at gmail.com
Wed Aug 22 01:28:15 PDT 2007
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*.
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 *
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
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