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Consolidated Mortgage

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Consolidated Mortgage
A mortgage that one takes out in order to pay off two or more mortgages. The mortgages may or may not be for the same piece of property. A mortgage holder may take out a consolidated mortgage to lower monthly payments or for some other reason. See also: Blanket mortgage, Debt consolidation, Consolidated mortgage bond.

consolidated mortgage
A mortgage made to replace two or more outstanding mortgages.


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46 in late fees The bank notes that: "Barnett is liable for the full payment of all accrued and unpaid interest, including payment of any deficiency between the amount finally adjudged to be due and owing on the consolidated mortgage and the amount realized from the foreclosure sale or sales of the mortgaged property, up to the amount of the guaranteed interest payments, for which a deficiency judgment is being sought by this action against Barnett.
Consolidated Mortgage Offices With the Internet, mortgage lenders are able to consolidate their offices into one spot, usually in a low cost area of the country.
The residence previously was linked with an August 2003 mortgage of $444,600 held by First Consolidated Mortgage Co.
 
 
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