Legal Question in Real Estate Law in Florida

Mortgage

Explain the term mortgage?

what are the rights of a mortgager and a mortgagee.


Asked on 4/12/07, 1:26 pm

1 Answer from Attorneys

florence hessen florence f. hessen,esq

Re: Mortgage

Hi:

Generally in a mortgage there is a specific time and manner for payment which is the mortgagee's responsibility. There is many times a provision for the mortgagee to keep the property insured,and in good condition. The mortgage itself is the security interest for a debt that is owed by the mortgage..Hope this helps!

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Answered on 4/12/07, 1:54 pm


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