[Pchdtv] NUMBER ONE Success System

[Tommy Lee]

http://www.noss123.com/

Like any other legal system, the mortgage business sometimes uses confusing
jargon. Below are some terms explained in brief. If a term is not explained
here it may be related to the mortgage loans rather than to the legal
process.
Conveyance The legal document that transfers ownership of unregistered land.
Disbursements All the fees of the solicitors and governments, such as stamp
duty, land registry, search fees, etc. Freehold The ownership of a property
and the land. Land Registration A legal document that records the ownership
of a property and land. This is also known as a Title. Leasehold The
ownership of the property and land for a specified period, which may be sold
separately from freehold, which may be owned by another person. Legal
Charge A legal document that records the data of the rightful owner of a
property or land. Mortgage Deed A legal document that stated that the lender
has a legal charge over the property. Sealing Fee A fee made when the lender
releases the legal charge over the property. Seasoned mortgage A mortgage
which has been paid in a timely manner by the mortgagor for a period of
typically no less than six months, and often for more than one year. The
term is associated with the secondary market, where mortgages with similar
characteristics are bought and sold in bulk
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