VIEWS: 61 PAGES: 7 CATEGORY: Real Estate POSTED ON: 12/8/2011
This Mortgage Deed is a legal document that gives a mortgage lender a security interest in a property. A borrower pledges his or her home as security for a loan, and the deed represents the lender's ownership rights in the property. The deed gives the lender the right to foreclose on the property if the borrower does not fulfill the obligations of the mortgage. All mortgage lenders require borrowers to sign a mortgage deed or deed of trust when they sign the promissory note, and before they actually receive the loan funds. This document should be used by mortgage lenders located in Wyoming as a means of security when making home loans.
"Wyoming Mortgage Deed"