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Loan Modification

: Mortgage Law Network

You signed the mortgage but not the note. So what?

By Chip Parker, Jacksonville Consumer Attorney

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As a foreclosure defense attorney, I am often asked about the difference between a note and mortgage in the context of a foreclosure. If you think back to the day you closed on your home loan, you can probably recall signing a bunch of papers, none of which you read or understood. That?s pretty common. Well, when it comes to the purchase of real estate, there are only three documents that you need to understand: The deed, the note and the mortgage (a.k.a. ?Deed of Trust?). The deed is the doc read more

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Full post as published by Mortgage Law Network on December 31, 2009 (boomark / email).

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