Topic: Leasehold Mortgage
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Answers to Common Questions
What is Leasehold Mortgage?
lien on the tenant’s interest in real estate; generally subordinate to other liens on the property. Read More »
Source: http://www.answers.com/topic/leasehold-mortgage
What happens when a leasehold mortgage is foreclosed?
The mortgagor's interest in the lease will be sold at a public foreclosure sale to the highest bidder. The winning bidder will then have the right to occupy the subject premises under the mortgagor's lease, for the remainder of the lease te... Read More »
Source: http://wiki.answers.com/Q/What_happens_when_a_leasehold_mortgage_...
Where can i get a commercial mortgage on a Leasehold Property?
It all depends on what the lease terms are, if its a short renewable lease then you might struggle as lenders don't have anything to 'pin' their security on. if its a long lease eg 70 years then most commercial mortgage lenders will look at... Read More »
Source: http://uk.answers.yahoo.com/question/index?qid=20080226034833AAJX...
Featured Content:
Leasehold Mortgage
Mortgage loans are made using a house or other real estate as collateral, often to purchase or make repairs to the real estate property itself. In certain cases, however, the individual taking out the… More »
Source: www.ehow.com
More Common Questions
Answers to Other Common Questions
Having a leasehold should not affect your mortgage suitability, though we advise you to check beforehand.
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Source: http://www.uk-mortgage-quotes.co.uk/pages/mortgage_information.ht...
