Legal definition of mortgage
Mortgages Legal Terminology

mortgage

1
\ ˈmɔː.gɪdʒ \ "Mortgage" or "Lien" includes deed of trust, vendor ’s lien, chattel mortgage, mechanic ’s, materialman ’s or laborer ’s lien, judgment, attachment or garnishment lien, pledge by hypothecation, and Federal or State tax liens. (CHAPTER I, Sec. 3.)
Source: Texas Probate Code. website
2
MORTGAGE. Any conveyance, agreement or arrangement in which property is used as security. (Sec. 43-8-1)
Source: Alabama Probate Code. website
3
"Mortgage" means any conveyance, agreement or arrangement in which property is encumbered or used as security. Mortgage does not include leases or easements.(Chapter 1, A. 2, S.14-1201)
Source: The Arizona Revised Statutes. website
4
A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan. However, the word mortgage alone, in everyday usage, is most often used to mean mortgage loan.
Source: Wikipedia - The Free Encyclopedia. website. license
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Dawn S CarreAttorney at LawPRACTICE AREA: Insurance Litigation
Jason P ChukasAttorney at LawPRACTICE AREA: Insurance Litigation, Litigation
Brad E AmbarianAttorney at LawPRACTICE AREA: Business Law, Labor & Employment Law, Insurance Litigation
Las Vegas SunQuestion: I'm in my 80s and have recently been hit with medical bills that are more than I'm able to pay on a monthly basis. My daughter suggested I take out a reverse mortgage to increase my cash flow. I need the money now and have plenty of equity in ... more »
Lexology (registration)The status of a judgment mortgage as against an executed charge that was registered later in time in the Property Registration Authority has been clarified by Keane J. in Larianov Foundation v Leo Prendergast and Sons (Engineering) Ltd (Unreported ... more »
ReutersThe scheme, to be launched from June 1, will limit the spreads applied to such mortgages to 350 basis points. Fees applied to the issuance and pre-payment of mortgages will also be capped under the programme, it said. (Reporting by Gergely Szakacs and ... more »
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