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Simple English definitions for legal terms

joint mortgage

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A quick definition of joint mortgage:

A joint mortgage is when two or more people take out a loan to buy a property together. The loan is called a mortgage and it is used to pay for the property. The mortgage is a legal agreement that says the property is used as security for the loan. This means that if the borrowers don't pay back the loan, the lender can take possession of the property. Joint mortgages are often used by couples or family members who want to buy a home together.

A more thorough explanation:

A joint mortgage is a type of mortgage given to two or more mortgagees jointly. A mortgage is a conveyance of title to property that is given as security for the payment of a debt or the performance of a duty and that will become void upon payment or performance according to the stipulated terms.

For example, if two people want to buy a house together, they can take out a joint mortgage. This means that both parties are responsible for making the mortgage payments and both have an ownership interest in the property.

joint managing conservatorship | joint negligence

General

General chat about the legal profession.

General >T14 Off Topic

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EvolBunny

14:40

suck what? (:

Dkk

14:42

suck at predicting

EvolBunny

14:43

boooooo

1a2b3c4d26z

14:45

hi guys

1a2b3c4d26z

14:45

how is everyone doing this fine friday

1a2b3c4d26z

14:46

Tonight im going to go for a run and lift some weights and then eat some dinner (probably a burrito) and then I'm going to watch a scary movie with my girlfriend (probably Longlegs). I'm so excited :)

1a2b3c4d26z

14:46

What is everyone else doing tonight

1a2b3c4d26z

14:47

Besides YM of course

sadpadresfan

14:47

Yoooo I’m a lifter too

renard99

14:47

I'm all good, I'm tipsy in Zanzibar finishing an app and laughing my ass off to this:

renard99

14:47

https://www.youtube.com/watch?v=URtqADoz9uA

babycat

14:48

renard what are you drinking?

BulbasaurNoLikeCardio

14:50

Feeling like sad drinking tonight, wife accidentally tossed out my truck keys and those are expensive as fuck to replace. The crappiest part is that the key chain had the "remove before flight" tab from my first aircraft's rocket pods overseas from 6 years ago. Then find out people fucked around and back dated reports at work making me look like a shit bag so I am working later tonight and missing range time which is my weekly relax/me time. Add in my sleep meds stopped working, so I am thinking vodka (so I stay skinny and hot) and pizza by the fireplace kind of friday.

1a2b3c4d26z

14:51

Renard if you're not drinking margs Im gonna throw hands

renard99

14:51

Was at a restaurant and they decided to have me try something called "Double Kick" free of charge, it's like a sugar cane liquor with pineapple flavor

1a2b3c4d26z

14:51

missing range time :(

1a2b3c4d26z

14:52

That sounds good renard but unfortunately I'll still have to throw hands

Rightfullytherlauren

14:53

Tonight I’m Having a date with this guy who asked me out couple times

BulbasaurNoLikeCardio

14:54

What made you give in and go out after he asked a couple times?

Rightfullytherlauren

14:55

Other failed dates

babycat

14:55

That’ll do it

Rightfullytherlauren

14:56

Question, how many of u would sleep on first date

babycat

14:57

honestly my answer is it depends

babycat

14:57

there has to be a very specific vibe to make me want to do that. not like a regular date

babycat

14:59

and sometimes you want to and you still don’t do ir

babycat

14:59

it

babycat

15:00

but I don’t use dating apps so all my first dates are with people I’ve already met in some context, which it sounds like is your situation too

Dkk

15:00

I could never imagine myself doing that on a first date.

Dkk

15:01

@BulbasaurNoLikeCardio: hope things get better

babycat

15:01

@Dkk: what if it’s someone you’ve known for a long time but never dated?

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