I am curious to know... exactly what happens at settlement when a mortgage is involved?
I think my pea sized noggin can follow the idea of a contract between buyer and seller (or mortgage provider and buyer), but what legal documents are prepared and who are they held by when a mortgage is involved?
Exactly how does a bank have security for their loan without their name on the title?
I think my pea sized noggin can follow the idea of a contract between buyer and seller (or mortgage provider and buyer), but what legal documents are prepared and who are they held by when a mortgage is involved?
Exactly how does a bank have security for their loan without their name on the title?