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LSDefine

Simple English definitions for legal terms

mortgage deed

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A quick definition of mortgage deed:

A mortgage deed is a legal document that shows someone has borrowed money to buy a house. It says that if they don't pay back the money, the bank can take the house. It's like a promise to pay back the loan, and if they don't, the bank can take the house as payment.

A more thorough explanation:

A mortgage deed is a legal document that establishes a mortgage on a property. It is a written instrument that is signed, sealed, and delivered by the borrower to the lender. The mortgage deed gives the lender a security interest in the property, which means that if the borrower fails to repay the loan, the lender can foreclose on the property and sell it to recover the debt.

For example, if John wants to buy a house but doesn't have enough money to pay for it, he can get a mortgage loan from a bank. To secure the loan, John signs a mortgage deed that gives the bank a lien on the property. If John fails to make his mortgage payments, the bank can foreclose on the property and sell it to recover the debt.

mortgage-contingency clause | mortgage discount

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18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
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