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Simple English definitions for legal terms

after-acquired-property clause

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A quick definition of after-acquired-property clause:

An after-acquired-property clause is a part of a mortgage agreement that says if the borrower acquires any additional real estate after the mortgage is signed, that property will also be subject to the mortgage. This means that if the borrower defaults on the mortgage, the lender can take possession of both the original property and any additional property acquired later.

A more thorough explanation:

An after-acquired-property clause is a provision in a mortgage agreement that states any real estate acquired by the borrower after the mortgage is signed will also be subject to the mortgage. This means that if the borrower buys another property, that property will also be used as collateral for the mortgage.

Let's say John takes out a mortgage to buy a house. The mortgage agreement includes an after-acquired-property clause. A few years later, John inherits a piece of land from his grandfather. Even though the land was not part of the original mortgage agreement, it is now subject to the mortgage because of the after-acquired-property clause.

Another example could be if a borrower takes out a mortgage to buy a condo, but later decides to purchase a vacation home. The after-acquired-property clause would make the vacation home subject to the mortgage as well.

These examples illustrate how an after-acquired-property clause can expand the scope of a mortgage beyond the original property purchased. It is important for borrowers to understand this clause and its implications before signing a mortgage agreement.

after-acquired-evidence doctrine | after-acquired-title clause

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General chat about the legal profession.
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HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
13:18
i’m in the same boat mastermonkey but with lower stats. i hope i hear back by mid march
CheeseIsMyLoveLanguage
13:24
@mastermonkey45: Looking at some of the recent decisions in relation to when they went complete, I'd say it's a good sign. It seems many declines were sent within about 5-6 weeks of completion. Given those were applications that were SENT in January, I'd say that means you're still solidly in the running. :)
14:30
Sent an app to OSU in early december and have STILL not heard back
Give it 4 more weeks at least. Everyone in this chat needs to wait longer.
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