Mortgage, loan and property. What is a mortgage?

A mortgage is putting a property as a guarantee to a lender as a security for a mortgage loan.

While a mortgage in itself is not a liability or a dept, it is evidence of a debt. It is a transfer of an interest in property, from the owner to the mortgage lender, on the condition that this interest will be returned to the owner of the property when the terms of the mortgage have been satisfied or concluded.

In other words, the mortgage is a guarantee for the loan that the lender makes to the borrower. In all but a very few states, a mortgage creates a lien on the title to the mortgaged property.

Wednesday, April 1, 2009

Record drop of 19% in house prices in January

Housing prices in the United States in January recorded a new record fall, crashing 19% on a year, according to the S & P / Case-Shiller measure prices in the 20 largest U.S. cities and published Tuesday.

After an already historic decline of 18.5% in December, analysts expected a decline of 18.6%.

The magnitude of the fall in house prices in the ten largest cities in the country has also reached a new record, at -19.4% over one year, the study adds.

Both indices are declining every month since October 2007, emphasized the study.

Shift in monthly housing prices plunged by 2.8% in twenty major cities in January, against 2.6% in December.

In the ten largest cities, prices fell by 2.5%, exacerbating their decline the previous month by 0.2 points.

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