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A mortgage is a legally binding agreement signed by the owner of real property by which the owner transfers their property to the lender as security for a loan. There is a note associated with the mortgage. The note obligates the borrower to pay the loan at a specified interest rate within a specified length of time, or in some cases, on demand.
There are factors that could make a mortgage and noteunenforceable such as when a lender does not make certain the mortgagor is the legal owner of the property.
You can add details on the discussion page to explain what you mean by a mortgage based on an unenforceable contract.
A mortgage is a legally binding agreement signed by the owner of real property by which the owner transfers their property to the lender as security for a loan. There is a note associated with the mortgage. The note obligates the borrower to pay the loan at a specified interest rate within a specified length of time, or in some cases, on demand.
There are factors that could make a mortgage and noteunenforceable such as when a lender does not make certain the mortgagor is the legal owner of the property.
You can add details on the discussion page to explain what you mean by a mortgage based on an unenforceable contract.
A mortgage is a legally binding agreement signed by the owner of real property by which the owner transfers their property to the lender as security for a loan. There is a note associated with the mortgage. The note obligates the borrower to pay the loan at a specified interest rate within a specified length of time, or in some cases, on demand.
There are factors that could make a mortgage and noteunenforceable such as when a lender does not make certain the mortgagor is the legal owner of the property.
You can add details on the discussion page to explain what you mean by a mortgage based on an unenforceable contract.
A mortgage is a legally binding agreement signed by the owner of real property by which the owner transfers their property to the lender as security for a loan. There is a note associated with the mortgage. The note obligates the borrower to pay the loan at a specified interest rate within a specified length of time, or in some cases, on demand.
There are factors that could make a mortgage and noteunenforceable such as when a lender does not make certain the mortgagor is the legal owner of the property.
You can add details on the discussion page to explain what you mean by a mortgage based on an unenforceable contract.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoA mortgage is a legally binding agreement signed by the owner of real property by which the owner transfers their property to the lender as security for a loan. There is a note associated with the mortgage. The note obligates the borrower to pay the loan at a specified interest rate within a specified length of time, or in some cases, on demand.
There are factors that could make a mortgage and noteunenforceable such as when a lender does not make certain the mortgagor is the legal owner of the property.
You can add details on the discussion page to explain what you mean by a mortgage based on an unenforceable contract.
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Is a mortgage a negotiable instrument?
No, a mortgage is a contract.
Can you drop hazard insurance from your mortgage?
You need to review your mortgage documents. You signed a contract and you need to determine what the terms are regarding insuring the premises.You need to review your mortgage documents. You signed a contract and you need to determine what the terms are regarding insuring the premises.You need to review your mortgage documents. You signed a contract and you need to determine what the terms are regarding insuring the premises.You need to review your mortgage documents. You signed a contract and you need to determine what the terms are regarding insuring the premises.
Where is The Mortgage Works based out of?
The Mortgage works is a United Kingdom based mortgage lender from the Nationwide Building Society. It is specifically located in Bournemouth, Dorset, England.
When is an adjustable rate mortgage calculator useful to you?
An adjustable rate mortgage calculator would be of interest - and use - to you if you were the owner of an adjustable rate mortgage (a mortgage with a potentially fluxuating rate) or if you were considering the purchase of a home under the contract of an adjustable rate mortgage.
Is Wife responsible for mortgage if name not on it?
No. No one is responsible for a contract they didn't sign.
What is the difference between a void contract and an unenforceable contract?
Void contracts and unenforceable contracts are often used interchangeably. A void contract is not valid and therefore unenforceable. An unenforceable contract may be valid, but can not, for a number of reasons, be lawfully enforced.
What is the difference between a void contract and unenforceable contract?
Void contracts and unenforceable contracts are often used interchangeably. A void contract is not valid and therefore unenforceable. An unenforceable contract may be valid, but can not, for a number of reasons, be lawfully enforced.
What is the difference between a void contract and a unenforcable contract?
Void contracts and unenforceable contracts are often used interchangeably. A void contract is not valid and therefore unenforceable. An unenforceable contract may be valid, but can not, for a number of reasons, be lawfully enforced.
What if wrong person signs a contract who isnt legally allowed to because property does not belong to them?
If the contract affects the property then it is null and void and unenforceable if the owner didn't sign it.If the contract affects the property then it is null and void and unenforceable if the owner didn't sign it.If the contract affects the property then it is null and void and unenforceable if the owner didn't sign it.If the contract affects the property then it is null and void and unenforceable if the owner didn't sign it.
What is unenforceable contract?
Invalid for some legal reason
Can a unenforceable contract be made into a enforceable?
Sure, if you change the clauses in it that cause it to be unenforceable. However, if the contract is already signed, then you're going to have a hard time getting the person to sign it again after changes. They have no reason to, if you're not providing some form of compensation for the change. And as the original contract was unenforceable, they're not bound by it, either.
Can a unenforceable contract be a valid contract?
An unenforceable contract is one that has all the elements of a valid contract, but has some sort of defect that prevents it from being legally enforced. For instance, according to the statute of frauds in English common law, a contract for the sale of a piece of land must be in writing; if it isn't, the contract is not legally enforceable.
Is a mortgage a negotiable instrument?
No, a mortgage is a contract.
Will an unenforceable promise constitute consideration as long as the parties to the contract appear to be in agreement?
true
What is a severance clause?
The Severance Clause, also known as a Severability Clause, is a legal provision that may be included in a contract or legislation that states that if part or parts of the contract or legislation is determined to be invalid, unenforceable or unconstitutional that the remainder of the contract or legislation is still valid or in effect. If a contract or legislation does not include a Severability Clause and any part of is ruled to be illegal or unenforceable then the entire contract or legislation is voided.
Can a husband sell the family home on land contract without the wife signing the contract even tho the property is in both names?
No. Both owners must sign. The contract is unenforceable.
Are you entitled to a credit if you paydown the mortgage?
It is entirely dependant on your mortgage contract.
