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- explain defeasance clause ... defeasance clause -- the clause in a mortgage agreement that gives the borrower the right to redeem title to the property upon payment to the lender of the complete debt obligation.
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www.teachmefinance.com/Financial_Terms/defeasance_claus...
www.teachmefinance.com/Financial_Terms/defeasance_clause.html
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Defeasance Clause listed in Glossary of Terms in Real Estate Wiki ... A clause in a mortgage that gives the mortgagor the right to redeem his or her property upon the payment of the mortgagor's obligations to the mortgagee. Defeasance is a substitution of collateral. It is not a simple prepayment but a 30-45 day process...
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www.realestatewiki.com/wiki_content/Defeasance_Clause_c...
www.realestatewiki.com/wiki_content/Defeasance_Clause_cat40834034_cid20018865.htm
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(1.) The clause in a mortgage that ensures that the mortgagor's legal interest in the property is to be extinguished once the borrower has met all of their obligations under the mortgage terms and paid out the entire principal and interest borrowed.
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www.bankapedia.com/mortgage-encyclopedia/residential-mo...
www.bankapedia.com/mortgage-encyclopedia/residential-mortgage-terms/141-defeasance-clause
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Definition of Defeasance Clause as a commercial mortgage industry term ... Glossary of Terms Related to Commercial Mortgages and Loans ... A type of prepayment penalty according to which the borrower must replace the mortgaged property with Treasury securities of equal yield to the mortgage.
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www.lendicom.com/commercial-mortgages/glossary/Defeasan...
www.lendicom.com/commercial-mortgages/glossary/Defeasance-Clause
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Find a Real Estate Agent ... Whether you're planning on buying or selling a home, choosing the right Real Estate Agent is one of the most important decisions you'll make. Let Real Estate Agent.com help by putting you in contact with a real estate professional nationwide! ... Glossary Home Search Glossary Submit New Term...
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www.realestateagent.com/real-estate-glossary/Realestate...
www.realestateagent.com/real-estate-glossary/Realestate/Defeasance-clause.html
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Definition of Defeasance Clause in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is Defeasance Clause? Meaning of Defeasance Clause as a legal term. What does Defeasance Clause mean in law? ... A defeasance clause embodies these common-law principles that govern this type of mortgage agreement.
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legal-dictionary.thefreedictionary.com/Defeasance+Claus...
legal-dictionary.thefreedictionary.com/Defeasance+Clause
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Associated concepts: condition, defeasance clause, defeaaance of contract, defeasance of title, defeasible estate ... defeasance; Defeasance Clause; defeasible; defeat; defeat of the prosecution; defeat one’s own purpose; defeat oneself by overdoing matters; defeated;
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legal-dictionary.thefreedictionary.com/defeasance
legal-dictionary.thefreedictionary.com/defeasance
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A defeasance clause embodies these common-law principles that govern this type of mortgage agreement. ... Since the mortgage has not been given defeasible title, there is no need for a defeasance clause...
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www.novelguide.com/a/discover/weal_03/weal_03_01323.htm...
www.novelguide.com/a/discover/weal_03/weal_03_01323.html
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You chose: Defeasance Clause; ... A clause in a mortgage that gives the mortgagor the right to redeem his or her property upon the payment of the mortgagor's obligations to the mortgagee. Defeasance is a substitution of collateral. It is not a simple prepayment but a 30-45 day process that usually is coordinated with a sale...
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www.realestatewords.com/byword/real_estate_words_defini...
www.realestatewords.com/byword/real_estate_words_definition_Defeasance_Clause.htm
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