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.

Thursday, May 14, 2009

U.S.: the restoration of the economy would take 3 or 4 years

The restoration of the American economy would take three or four years, according to the majority of economists surveyed for the monthly survey of Wall Street Journal published Thursday.

48% of forecasters surveyed by the newspaper business, it was not until this period that the first world economy the shortfall caused by the recession began in December 2007.

Only 14% to predict a return to the activity level in December 2007 under one or two years, while 28% believe that the recovery will last five or six years, the newspaper said on its website.

On average, the 52 economists surveyed believe the recession will end in August, a month earlier than they predicted in April.

As for the World economy, it looks like it probably would be a few months later.

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