once a mortgage, always a mortgage

0.01 sec.

A maxim signifying the rule that an instrument originally intended as a security instrument cannot be converted to a deed.It has reference to the practice of amending a mortgage to give up a right of redemption or an equity of redemption and thereby give permanent legal title to the lender.Parties may accomplish the same result,but they must do so in a separate legal instrument with its own consideration and the passage of title as of that date and time.Otherwise,the lender must foreclose to obtain full legal title.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		Financial browser	?		Full browser	?
No references found			Omnibus Budget Reconciliation Act of 1993 Omnibus Foreign Trade and Competitiveness Act of 1988 Omnibus Proxy OMR On On a Clean Up On Balance On Board On Board Ocean Bill of Lading On Carriage On Jacket On the Close Order On the Money On the Opening Order On the print On the Run On the Sidelines On the Take On the Tape On Track On-Balance Volume On-Floor Order on-site on-the-quotation order On-the-Run Treasuries once a mortgage, always a mortgage One Hundred Percent Statement One Night Stand Investment One-Cancel-All Order One-Cancels-the-Other Order One-Decision Stock One-Factor APT one-hundred percent location One-Man Picture One-Share-One-Vote Rule One-Sided Market One-Stop Shop One-Way Market OneChicago LLC Oner Oneri finanziari Ongedekte cheque Ongeschreven recht Onion Futures Act Online Banking Online Brokerage Firm Online Trading Onroerend goed Onus of Good Faith Onverenigbaarheid van belangen Onvolkomen eigendomsrecht			ONCA Onça Onça Onça Onça-pintada Onça-pintada Onça-pintada Onças Onças Onças Oncaspar ONCB ONCC ONCCCC ONCCTRT ONCD once once once once Once & Again Once (album) Once (album) once a , always a once a , always a Once a fraud Once A Month Once a Month Association Once a month cooking Once a mortgage always a mortgage once a mortgage, always a mortgage Once a priest, always a priest Once a recompense always a recompense Once a Week Once a whore, always a whore once again once again once again once an , always an once an , always an Once and Again Once and Again once and for all once and for all once and for all Once and Future Action Network Once and Future Blues Once and Future King Once and only once Once bitten, twice shy Once bitten, twice shy Once Daily Once Daily Aminoglycoside Once Damned, Always Damned once for all once for all Once in a Blue Moon Once in a Blue Moon Once in a Blue Moon Once in a Blue Moon (Charmed Episode) Once in a Lifetime

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.